Senate moves to keep real-estate industry competitive - 2007-01-30
Pat Vredevoogd Combs, president of the National Association of Realtors, praised Sen. Hillary Rodham Clinton (D- N.Y.) and Sen. Wayne Allard (R-Colo.) for proposing legislation Friday that the association believes would ensure the nation’s real estate industry stays competitive. The Community Choice in Real Estate Act, S.413, is cosponsored by senators on both sides of the aisle
Read the full story at Bridgewater Courier News

Fremont Severs Ties With 8,000 Mortgage Brokers - 2007-01-30
Nonprime lender Fremont Investment and Loan, a unit of Fremont General Corp., declared that it was cutting ties with 8,000 mortgage brokers who it says were mainly responsible for a surge in early payment defaults last year. The Santa Monica, Calif.-based wholesale lender’s early payment defaults increased sixfold between 2005 and the middle of last year. Fremont originated $33 billion in mortgages last year.
Read the full story at BankNet 360