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Fitch Reveiwing $92.1B in Mortgage Debt (AP via Yahoo! Finance)   Fitch Ratings said Tuesday it is reviewing $92.1 billion worth of securities backed by pools of "subprime" mortgage debt, signaling widening concerns about the home loan crisis rocking the


Raiding 401(k) not a good way to pay mortgage (Chicago Tribune)  Q I understand that there is a new law that will let people pay their mortgage by using their 401(k) savings. Is that a good idea?


Lakeland's Population Hits 92,796  read more...


Much still possible despite scary time  "It's really back to the future" If real estate finance is the art of the possible, what's possible right now for homebuyers and sellers worried about rising mortgage rates,


Mortgage Slump Could Derail Economy (AP via Yahoo! Finance)   When Domenico Colombo saw that his monthly mortgage payment was about to balloon by 30 percent, he had a clear picture of how bad it could get.read more...


City Condo Sales Outpace Suburban Homes  City Condo Sales Outpace Suburban Homes -- A two-bedroom condo in the city is pushing aside the four-bedroom colonial in the suburbs as the traditional American dream home.read more...

August 19th, 2007

Luminent Mortgage announces bailout (Washington Post)

NEW YORK (Reuters) – Luminent Mortgage Capital Inc (LUM.N), which has struggled with liquidity problems because of investments in mortgages, on Monday announced a bailout in which it would sell a majority stake in itself at a deep discount.

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