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Loan servicers must make decisions in 30 days—unless they need 60.
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Revenues fell 27% for the quarter, as closings dropped 31%.
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Processing delays were the culprit again, according to RealtyTrac.
But moves by several of the largest for-profit, private builders put them in better shape to reap rewards in 2011.
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Unable to resolve a credit agreement dispute with one of its 14 lenders, the builder has filed for Chapter 11 protection—but only for some of its entities.
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Many industry watchers say the regulators' actions are all bark and no bite.
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Healy Capital in Washington fills a void vacated by bank lenders.
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As attorneys general and regulators propose new terms for lenders, House Republicans and Bank of America balk.
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Lenders and investors tell builders and developers they need to present their projects more compellingly.
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Sycamore Urban wants to acquire up to 2,000 more distressed housing units in the next three years.