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Despite the price reduction, demand is still down.

Phoenix-based lender closed abruptly on August 26.

Job growth slowed to 315,000, but likely not enough to keep the Fed from raising rates later this month.

Mortgage lenders are the latest to abruptly shut down.

Decline in single- and multifamily home construction helped offset increase in public construction.

Increases were much smaller than the previous week.

Gayln Ziegler will lead growth of company's cash-offer platform.

Says 'there’s no question that the housing market has long lost momentum.'