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In the grip of mortgage madness ss  Young Aucklanders are signing up for mortgages of up to $1 million, sparking fears an entire generation could be heading for a cash crisis.via


Mortgage firm to pay $766K in back wages (BizJournals)  A Bellevue mortgage company will pay 197 workers a total of $766,000 in back wages as part of an agreement reached with the government.read more...


Tk 5 cr programme to combat monga stalled in Nilphamari  A Tk 5 crore government programme launched to combat Monga in December last year has been stalled due to acute shortage of fund, manpower and mismanagement.read more...


Morning Call Makeover  Do you have a problem room? A room that just doesn't look quite right or work the way you want it to? The solution could be easier than you think.read


U.S. mortgage rates up in latest week; 30-year 6.23% (Market Watch)  CHICAGO (MarketWatch) -- U.S. mortgage rates jumped in the week ending Thursday, with the national average rate on the benchmark 30-year loan climbing to 6.23% from 6.12% a week earlier,


Developer Has Plans for New School; Road Work Needed  AUBURNDALE | Developer Richard Quaid along with Gapway Groves Corp. have big plans for their property on State Road 559 and Adams Road. more» read more...

April 26th, 2007

Mortgage defaults hurt lenders (Orlando Sentinel)

Countrywide Financial, IndyMac and Friedman, Billings all posted weaker first-quarter earnings. Countrywide Financial Corp. and IndyMac Bancorp said profit fell, and Friedman, Billings, Ramsey Group Inc. reported a loss, the worst first-quarter earnings reports yet caused by the surge in subprime mortgage defaults.

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