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Banking and Finance

FHFA bans private transfer fees

The Federal Housing Finance Agency has ruled that Fannie Mae, Freddie Mac and the Federal Home Loan Banks will no longer be allowed to purchase mortgages on properties saddled with fees that developers insert into covenants for new subdivisions.

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How to invest in 
the coming housing market rebound (access required)

The housing market recovery hasn't taken off yet, but a rally in its stocks sure has. The Standard & Poor's homebuilders index is up 60 percent since October. Given that stock prices tend to anticipate business trends, does that mean a housing market rebound is imminent during the spring home-selling season?

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Source: NY, California to sign mortgage settlement


New York and California have agreed to sign the proposed settlement between U.S. states and the nation's biggest mortgage lenders over foreclosure abuses, according to a source close to the negotiations. In North Carolina, Attorney General Roy Cooper has shown support for the draft agreement, according to news reports.

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