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I-Team 10 follow up: Property flipping  The FBI is cracking down on a mortgage fraud scheme in Rochester that cheated banks and left homes abandoned.read more...


MBNA holds $56 million mortgage on MIP deal  ROCKLAND : According to documents filed at the Knox County Registry of Deeds, MBNA financed a $56,810,115 mortgage for Maine Investment Properties to purchase the Knox Mill and surrounding properties


Experts Offer Free Advice to Rebuild Safer and Stronger  "Mitigation is the ten-dollar word that describes hundreds of dollars of savings down the road" FEMA will offer free professional advice to help home and business owners toughen up


Housing slump may be near bottom  The serious slump in the housing market and home building may be near a bottom, according to a leading U.S. home builder.Commentread more...


Broad Coalition Joins Spitzer In Opposition To Effort To Shield Banks From Scrutiny  Attorney General Eliot Spitzer today filed a brief opposing a federal agency's effort to shield national banks from a state civil rights inquiry.read more...


Storm insurers report they're ready (Reg Req'd)  Hurricane Katrina is virtually certain to become the most costly natural disaster in U.S. history, but the companies that insure the homes, businesses and automobiles say they are not worried.read

February 28th, 2007

Agencies issue subprime guidance: sources

U.S. banking regulators plan to issue eagerly awaited guidance on the subprime mortgage market as early as Thursday afternoon, two sources familiar with the matter told Reuters on Wednesday.
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