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Mortgage Lending Picks Up  Mortgage lending by banks picked up slightly in June. It was probably helped by the prospect of a near-term cut in interest rates, said the British Bankers Association.read more...


30-year mortgage rates rise to 6.18%  Rates on 30-year mortgages rose for a third straight week as investors viewed improving economic reports as a sign that the Federal Reserve will not quickly cut interest rates.Commentread more...


Kristof: Credit card complaints on the rise  Another creditor , a retailer , lost one of her payments and temporarily dinged her credit report.read more...


Confused by all the Mortgage Options? Here's Help (Benton Evening News)  (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,


Stimulus package could send deficit to record  "Most stimulus packages have been totally useless in the past because they didn't get through Congress until the recession was already over" While a proposed economic stimulus plan could


Mortgage banker defends subprime loans as 'important tool' (Market Watch)  WASHINGTON (MarketWatch) -- The chief of the Mortgage Bankers Association defended the use of subprime loans Tuesday, saying they've enabled millions of Americans to buy homes and urging that a

August 17th, 2005

Mortgage lending slowed sharply in July -BBA (Reuters.co.uk)

LONDON (Reuters) – Mortgage lending by banks slowed sharply in July to its weakest level in 3-1/2 years, the British Bankers’ Association said on Thursday, while consumer credit remained weak.

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