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"Housing Shows Some Life: After several reports signaling a rapid housing slowdown, the Pending Home Sales Index edged down just 0.8% in Feb. - and that followed a big upward revision to Jan. The Nat'l Assoc. of Realtors said that's a sign that housing is leveling off. Also, home building led a 0.8% rise in construction outlays. But building growth is cooling vs. a year before." - Investor's Business Daily

"Piggyback mortgage use rising: A growing number of homeowners are using home equity loans or other piggyback mortgages to help get into homes and avoid paying for private mortgage insurance, according to SMR Research. In Q4, such loans were taken out at the same time as first mortgages 42.9% of the time. That's up from 39.5% in the first half of '05 and 14.1% in '01. But these borrowers have very high combined loan-to-value ratios, raising serious concerns about risk." - Investor's Business Daily

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