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U.S. Stocks Climb for Fifth Day as Release of Fed Minutes Triggers Rally  U.S. stocks rallied for a fifth consecutive day, the longest streak since September, after the Federal Reserve suggested it may soon stop raising interest rates.read more...


SEC Details Look at Mortgage Market Woes (Washington Post)  WASHINGTON -- The government is casting a wide net in its scrutiny of Wall Street banks, investors, credit-rating agencies and others and the role they played in the subprime mortgage


Mortgage lending rises despite debt fears (Guardian Unlimited)  Lending and savings figures for March published today suggest that consumers are cutting down on unsecured borrowing and putting more cash on deposit while taking on increasing levels of mortgage


Reverse mortgage warning (NZCity)  The Auckland Law Society is urging elderly people think carefully before launching into a reverse mortgage.read more...


Lawsuits targeting credit scams  For folks like Gary resident Perrie and Daniece Bonner, a declaration of personal bankruptcy can trigger a strange side-effect: loads of mail from banks and finance companies offering to extend


Giuliani Jeered for Opposing Flat Tax  "That would amount to the largest tax increase in U.S. history" JACKSONVILLE, Fla._Republican presidential candidate Rudy Giuliani drew jeers Saturday for saying he does not think a flat federal

May 25th, 2005

April Sales of New Homes Show a Surge

The country’s avid appetite for real estate propelled sales of newly built homes to a record pace in April, the Commerce Department reported yesterday, helping to raise prices and adding to concerns that the …

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