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Falling behind on your mortgage may not mean eviction (Haaretz Daily)  Homeowners who have a hard time making their mortgage payments will not be evicted from their homes unless they have alternative accomodation, according to legal changes that must still be


Senator: Investigate I-75/Coconut Road Episode  WASHINGTON | An Oklahoma senator plans next week to propose legislation that would force a special congressional investigation to find out who set aside $10 million in a 2005 transportation


Stocks Lose Ground Ahead of Fed Meeting    Wall Street gave up a big advance and turned lower Monday as investors suffered a renewed case of jitters ahead of the Federal Reserve's meeting on interest rates later


(AFX UK Focus) 2005-10-03 14:05 GMT: Kensington Group launches 900 mln stg mortgage-backed securitisation (Interactive Investor)  LONDON (AFX) - Kensington Group PLC, which specialises in mortgage lending to borrowers with poor credit histories, said it launched a 900 mln stg mortgage-backed securitisation, its third such transaction


Oklahoma's Housing Market Marked by Lower Home Values  Soaring energy prices have boosted job levels in this Midwest city but houses here are well below the national median price. The area hasn't seen the boom seen by U.S.


Build wealth with eye to protect it (Reg Req'd)  You've worked hard all your life to accumulate a little personal wealth. One frivolous lawsuit could wipe it all out.read more...

March 14th, 2007

Primer on subprime loans, troubles in the mortgage industry (San Francisco Chronicle)

The subprime mortgage mess is a major contributor to this month’s stock market swoon. Here are answers to questions about the situation. Q: What is a subprime loan? A: There is no official definition. It’s generally described as a loan to a…

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