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Salvation Army Seeks Help With Christmas Angel Tree Program  read more...


Co-op Bank pulls mortgage deals as BoE warns rush will intensify (Daily Telegraph)  The Bank of England has warned that banks will withdraw more mortgage deals in coming month as the Co-op Bank today become the latest lender to pull the plug on


Condo deal reveals links  TINTON FALLS , During the borough's housing boom over the past decade, a major developer known as the "deputy mayor" gave the borough administrator's son a private mortgage in 2001


It's a renter's market  In one key sense, Lindsay Woodward is a local landlord's worst nightmare. It's not that the 25-year-old art history student is a bad tenant.read more...


Store alcohol license permanently revoked  A Dougherty County convenience store has it's liquor license revoked permanently.read more...


Mortgage delinquency ratio drops to record low in HK (People's Daily)  Mortgage delinquency ratio in Hong Kong dropped to 0.11 percent and rescheduled loan ratio fell to 0.2 percent, both record lows, driving the combined ratio lower to 0.32 percent, according

July 29th, 2005

Fed’s Yellen ponders effects of housing slump

A 25% slump in house prices would wipe out $4.5 trillion of household wealth but wouldn’t be as damaging as the Internet bust, according to Janet Yellen, president of the San Francisco Federal Reserve Bank.

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