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Senior Mortgage Advisor Joins Bank of Commerce Mortgage

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Bank of Commerce Mortgage (BOCM) announced the addition of Jay Kunkle to the company's Newport Beach branch. Kunkle will serve as a senior mortgage advisor for the branch. A Certified Mortgage Planning Specialist, he brings more than 20 years of mortgage lending experience to BOCM.

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CoreLogic: September Posts Largest Annual Price Pickup Since 2006

Home prices in September posted their biggest yearly gain in more than 6 years, but prices also displayed a typical seasonal slowdown and fell month-over-month, according to the Home Price Index (HPI) report from CoreLogic. Including distressed sales, the report showed home prices moved higher by 5 percent from September 2011, the seventh straight month of yearly increases and the biggest annual gain since July 2006. From August to September, prices decreased by 0.3 percent.

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Integra Launches Real Estate Investment Initiative

Arizona-based Integra Group Real Estate LLC is rolling out a new program for investors seeking to tap into the U.S. housing market. Providing "education, guidance, and opportunities" for investing in the current real estate environment, the company has announced the launch of the Integra Group Multi-Family Home Investors Initiative.

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Failed Bank List Hits 49 Year-to-Date

The FDIC added two more banks to this year's failed bank list Friday, bringing the total year-to-date to 49. The two shuttered banks were located in Illinois and Florida, each marking the eighth bank in their state to close this year.

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Abbey Puts a Second Mega-Mansion on the Market

Don Abbey, the famed founder of eponymous commercial real estate company The Abbey Co., has put another mega property on the market. Recently listing his massive estate in Montana, Abbey has now put his equally expansive California abode up for sale at $78.8 million.

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