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Bank chief issues mortgage call (BBC News)  The Governor of the Bank of England tells the BBC he wishes mortgage costs were part of the inflation target.read more...


Company profits soaring but rates to stay on hold  Profits at British companies grew at their fastest rate in five years in the second quarter, while the amount of money people borrowed from their homes rebounded, separate figures showed


Mortgage meltdown: Here come the judgments (CNNMoney.com via Yahoo! Finance)   Earlier this year, a Wisconsin couple won a judgment against Chevy Chase Bank that said the bank deceived them over the terms of their mortgage.read more...


Get a $150,000 Mortgage for $688/Mo (CyberSignal)  Home Equity and Mortgage Loans - E-LOAN Online lender offers home equity loans, cash out refinancing, mortgages, and auto loans at low rates. Fill out a simple application. Approval in


As New-Home Construction Plunges, Chicago Builder's Business Booms  "Nick is intuitive; he's open to new ideas, personable, and smart" Jason Sherman, 708-445-8598 jason@shermancm.com www.shermancm.com With construction of new homes and apartments down last year 24.8 percent from


Housing Markets on the Way Up And Those on the Way Down  This week's survey of real-estate news takes a look at booming second-home sales on Lake Michigan and in Teton County, Idaho; Massachusetts sellers 'in denial;' and hope for homeowners with

May 18th, 2006

Lacker says must not stifle bank innovation

Regulators need to take care not to stifle innovation as they seek to ensure new loan practices, such as “exotic” mortgages, do not put institutions or consumers at undue risk, a top Federal Reserve official …

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