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Mortgage market not new, some say (The Star-Ledger)  NEW YORK -- While the disruption roiling the mortgage financing industry may seem like panic, some market veterans say it is actually a return to normal following a period of


Debtors bare fiscal intimacies online  When a woman who calls herself Tricia discovered last week that she owed $22,302 on her credit cards, she could not wait to spread the news.Commentread more...


Luxury Box to See Rolling Stones: $100,000  Concert tickets for major acts are costly, but $100,000 to see the Rolling Stones? That's the price to join Gov.read more...


Britain bails out mortgage lender hit by credit crunch (International Herald Tribune)  British financial authorities said Friday that they had extended an emergency loan to rescue a big mortgage bank.read more...


Fire station building item on City Council agenda  A resolution authorizing a contractor to begin building a $250,000 shell building at Fire Station No.via


American Home Mortgage faces inquiry (AP via Yahoo! News)   American Home Mortgage Investment Corp. bounced property tax checks for some Maryland homeowners, local and state officials said Monday, and they have demanded an explanation from the bankrupt mortgage

August 20th, 2007

Countrywide says it cut 500 mortgage jobs (Reuters via Yahoo! News)

Countrywide Financial Corp , the largest U.S. mortgage lender, said it had eliminated about 500 jobs nationwide as it tries to cope with a credit shortfall stemming from the U.S. housing downturn.

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