Home loan demand surges to near four-year high
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U.S. mortgage applications surged last week, with demand hitting its highest in nearly four years as interest rates plunged, an industry group said on Wednesday.
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LOS ANGELES -- The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid a national housing...
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U.S. mortgage applications rose last  week, fueled by increased demand for home purchase loans even  as interest rates hit their highest level in nearly a year, an  industry group&#39;s data showed on Wednesday.
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Mortgage lending hits a record high for the month of January, according to the Council of Mortgage Lenders (CML).
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An explosion in overdue mortgages tailored to home buyers with less-than-sterling credit has driven foreclosure filings to record highs in Massachusetts.
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U.S. mortgage applications rose sharply last week, fueled by a surge in demand for home refinancing loans, as interest rates sank to their lowest in more than a year, an industry trade group said on Wednesday.
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U.S. homeowners began the foreclosure  process at a record pace in the first quarter of 2007, largely  due to a sharp rise in previously hot real estate markets such  as California and Florida.
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The rate of home loans entering the foreclosure process rose to a record high in the second quarter of 2007, driven largely by failing subprime mortgages, an industry trade group said on Thursday.
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Americans increased their borrowing in June at a much faster pace than expected, with the rise led by higher credit card debt.
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State and national housing sales hit record highs in 2004, boosted by mortgage rates near historic lows, according to preliminary figures released yesterday, but with rates expected to drift upward, few in the real estate industry expect that pace to be matched in 2005.
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U.S. mortgage applications rose for a  second consecutive week, driven by increased demand for home  purchase loans as interest rates remained near a recent  four-year high, an industry trade group said on Wednesday.
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Applications for home mortgages jumped  for a third consecutive week as plunging interest rates  encouraged more homeowners to seek refinancings, an industry  group said on Wednesday.
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Homebuilders strode upstairs Tuesday after Toll Brothers (TOL:NYSE - news - research) reported record fourth-quarter sales, citing strong demand from affluent buyers.
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The rate of home loans entering the  foreclosure process rose to a record high in the second quarter  of 2007, driven largely by failing subprime mortgages, an  industry trade group said on Thursday.
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Homeowners increased their mortgage borrowing by almost $600 billion in the last quarter of 2006, an annual pace of 6.4 percent.
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The number of homes put up for sale surged in May as sellers tried to beat the launch of Home Information Packs.
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Countrywide Financial Corp, the largest U.S. mortgage lender, said on Friday foreclosures and late payments rose in January to the highest on record, reflecting the nation's deepening housing and credit crunch.