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Market driving risky mortgages  WASHINGTON , Phil Dondes followed the experts' advice when he went looking for a mortgage: He consulted five lenders to compare loan rates.via


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AGF reports reduced profit  AGF Management is reporting a reduced profit for the second quarter ended May 31.via


GMAC posts an unexplained surge in mortgage earnings, even as rising rates cool the market.  General Motors' lending business is the only thing keeping America's largest automaker from falling into the abyss.via


Court Rules Out Mobile Spam  An appeals court in Arizona this week ruled that a federal law that bans autodialing to call mobile phones also covers unsolicited text messages--even though text-messaging technology did not exist


U.S. Files Charges Against Ex-Fannie Mae Exec  NEW YORK The government on Monday filed civil charges against former Fannie Mae chief Franklin Raines and the mortgage giant's former finance chief and controller, seeking fines and the return

May 29th, 2005

Sometimes investing beats ‘burning mortgage’ (InsideBayArea)

IF YOU SUDDENLY came into $100,000, should you pay off that $100,000 30-year mortgage on your home that carries an interest rate of 5.

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