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Sovereign to book $1.6 billion in 4th-quarter charges  "Conditions will be very difficult for banks in 2008" Sovereign Bancorp Inc. said Monday that it expects to take $1.6 billion in charges for the fourth quarter, as customers


Anybody wanna buy a house?  Selling a home is not for the faint of heart, I have learned. You wouldn't believe all the wisdom I have gained just from having our house on the market


Senators hold hearing on Pa. mortgage scam (WHP CBS 21 Harrisburg)  Pennsylvania's U.S. senators are holding a hearing on a mortgage scam that left more than 800 homeowners owing millions of dollars more than they thought they owed.read more...


Mortgage Rates Close In On 6 Percent (Bakersfield Channel.com)  McLEAN, Va. -- Mortgage rates edged higher again this week. Mortgage company Freddie Mac said its weekly survey found that the 30-year fixed-rate mortgage averaged 5.89 percent, up from last


Macquarie Boosts Mortgage-Backed Bond Sale by 67% (Update3) (Bloomberg.com)  Sept. 21 (Bloomberg) -- Macquarie Bank Ltd. increased the sale of mortgage-backed bonds by 67 percent to A$500 million ($435 million), restoring investor confidence in a market shuttered by the


Thornburg Mortgage Swings To $3.31 Billion 1Q Loss (CBS News)  Embattled mortgage lender Thornburg Mortgage is reporting a $3.31 billion loss for the first quarter, and says loan delinquencies are likely to continue to increase "modestly" for the rest of

January 1st, 2006

Last man standing

“I’m the last one left,” says plastering contractor Mel Wollenschlager. At 73, Wollenschlager, who says he’s the only plasterer in Bloomington-Normal, is working more than he wants.

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