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GM says won't sell residential mortgage unit (CBS Market Watch)  LONDON (MarketWatch) - General Motors Corp. on Thursday said it won't sell its residential mortgage operations.via


The Legacy of Oregon's Measure 37  Camille Hukari's family has been farming in Oregon's Hood River Valley for decades, and she says she has no intention of giving up now.read more...


US home sales fall as property glut hits record high  "The fact that sales fell once again ... indicates that the meltdown in the mortgage market is having a huge impact on home sales" Real estate agents arrive at


Inflation Slows in Singapore's Residential Market  The sharp inflation slowdown in Singapore's private residential market is the latest sign that times are getting tougher for local developers.read more...


We're Safe As Houses Says Tory Leader  New Tory leader David Cameron has told would-be voters - your home is safe with us.read more...


Builder Reports Drop in Orders  Home builder NVR Inc. reported yesterday that new orders in the Washington area fell almost 19 percent in the third quarter from a year earlier, adding to evidence that the

August 18th, 2007

The Fed and #x2019;s Sudden Action Eases a Logjam in Corporate Borrowing

“The reason the Fed is concerned is that there is a real collateral squeeze and issues around funding.”

The Federal Reserve Board’s move yesterday to stabilize the credit markets helped to ease the pressure on a mundane but crucial part of the financial markets: short-term lending to corporations. via HeraldTribune.com



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