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Lacker says must not stifle bank innovation  Regulators need to take care not to stifle innovation as they seek to ensure new loan practices, such as "exotic" mortgages, do not put institutions or consumers at undue risk,


Wall Street Remains Bullish Despite Data   "The fourth quarter outlook is changing as new earnings guidance emerges, oil prices continues to rise, the Federal Reserve October meeting gets closer, and of course, as every housing and


30-year bonds sold again  The Treasury Department's resumption of 30-year bond sales could have an interesting effect on the home mortgage market, with lenders offering more 40-year loans and maybe even 50-year mortgages for


ECB Urges Banks to Disclose Subprime Risk   "The period of temporarily high inflation rates would be somewhat more protracted than previously expected" The European Central Bank's president called on banks Wednesday to disclose how much they


Limiting the Headaches of Co-Ownership    Q: My wife and I and another couple are buying a condo together, and we should be closing this month. The other couple has already been preapproved for 100

June 9th, 2007

Legislators Draft New Tax Rollback

TALLAHASSEE - With a special session on property taxes just days away, House and Senate leaders on Friday revealed a $32 billion tax-cutting plan, calling it the largest tax break in Florida history and promising a 44 percent reduction for homeowners.



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