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HSBC says on top of U.S. mortgage problems (Tiscali)  "I feel very confident we?re on top of the issues in mortgage services and I believe I have the right leadership team with me," said Brendan McDonagh, chief executive since


Existing home sales drop, prices decline  By Courtney Schlisserman Bloomberg News Published October 25, 2006, 10:25 AM CDT Sales of previously owned homes in the U.S. fell last month to the lowest level in almost three


Your Money Matters: Dealing with Rising Mortgage Interest Rates (Hope Star)  (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans


Video: Mortgage Relief Outrage (Fox 6 News San Diego)  A plan to stop the rising wave of foreclosures is coming under fire. Critics say the mortgage bail-out program rewards irresponsible borrowers. Eric Collins has the details. 12/7/07read more...


Rockford sets farewell for long-time city employees for July 10  The Rockford City Council held its monthly meeting on Tuesday, June 14. It was announced that two long-time employees will be honored with a farewell on Sunday, July 10, from


Considering a Home Remodel? Make Sure It Will Pay Off  If your family has to wait in line to take a shower, or if you're storing pots and pans in the laundry room due to lack of cabinet space, it

March 27th, 2007

Subprime Mortgage Bonds From 2006 May Be Worst Ever (Update1) (Bloomberg.com)

March 28 (Bloomberg)—Subprime mortgage-backed securities from 2006 may be the ``worst-performing in recent history,’’ with delinquencies on the underlying debt ``consistently higher’’ than in the prior five years, Standard & Poor’s said,.

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