Peter Morici: Junk mortgages a mess, not a disaster
The near-meltdown of two Bear Stearns hedge funds invested in subprime mortgages has focused attention on two critical questions. via The South Mississippi Sun Herald
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SEC Ends Met Mortgage Stock Registration (AP via Yahoo! News) Collapsed Metropolitan Mortgage & Securities Co., once a $2.7 billion conglomerate, has had its right to issue and trade stock terminated by the Securities and Exchange Commission, the agency
All in the family: Peoples Bank celebrates grand opening in Marion The largest family-owned bank in Southern Illinois welcomed another member to its growing family Wednesday with the announcement of a new branch office in Marion.Commentread more...
Put a Lid on Rising Mortgage Payments (Hornell Evening Tribune) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...
Mortgage Bill Would Protect Consumers (AP via Yahoo! Finance) A top House Democrat's plan to reform oversight of the mortgage sector would have a major impact on multiple levels of the $11 trillion industry, according to a draft
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Mortgage law proposals get cold shoulder from lenders (Minneapolis-St. Paul Star Tribune) The rapid rise in foreclosure rates in Minnesota has lawmakers looking for ways to crack down on abusive lending practices. But some mortgage brokers argue that the proposed new guidelines,
July 20th, 2007
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