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US private sector sheds 23,000 jobs in March

Thursday, March 17th, 2011

The US economy shed 23,000 private-sector jobs in March, a payrolls firm said Wednesday in a report that was dramatically worse than market expectations.

Sales of new homes rocketed up 27 percent in March

Thursday, March 17th, 2011

Sales of newly built homes shot up 27 percent in March — the largest monthly gain in nearly five decades — as mild weather and a lucrative tax credit pumped up demand for homes in all four regions of the country, according to federal data released Friday.

Arizona No. 4 for mortgage fraud

Thursday, March 17th, 2011

Arizona now ranks fourth for mortgage fraud nationally. It’s the first time the state has cracked the top five for the problem, according to data released this week from the Mortgage Asset Research Institute.

UK housing market then and now

Thursday, March 17th, 2011

In April, the year-on-year increase in house prices returned to double figures for the first time since June 2007, the Nationwide Building Society has said.

U.S. Role in Mortgage Market Grows Even Larger

Wednesday, March 16th, 2011

The U.S. government’s massive share of the nation’s mortgage market grew even larger during the first quarter.

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