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Lender has final say on flood standard  The government's standard for minimum flood insurance coverage is not necessarily the last word, says Dr. Don Taylor.read more...


Jewel of a house  A Cape May resident and local antiques dealer, Bill Saponaro had long admired the brick Craftsman home on Washington Street.via


Alleged ring leader pleads guilty in mortgage fraud case (KTVA Anchorage)  A man accused of being the leader of a mortgage fraud ring pleaded guilty Friday to wire fraud. Kourosh Partow was part of a group of seven Anchorage residents federal


Mortgage hotline (The Arizona Republic)  Mortgage hotlinevia


Countrywide to acquire KB Home's mortgage subsidiary (CBS Market Watch)  BOSTON (MarketWatch) -- Countrywide Financial Corp. will acquire nearly all the assets of homebuilder KB Home's mortgage subsidiary, the companies said Thursday morning before the opening bell.via


CSX to Ask for Early Start at Transfer Site  WINTER HAVEN - CSX will begin talks with a state oversight committee in August to allow construction of a rail transfer center to begin while a development of a regional

October 16th, 2007

Bernanke Comment Fuels Stocks Decline

NEW YORK | Wall Street sank for a second straight session Tuesday after Federal Reserve Chairman Ben Bernanke said the slumping housing market remains a “significant drag” on the economy. Bernanke’s speech Monday night in New York elevated concerns that the summer’s credit tightness might persist into the winter – a sobering thought for investors, who are sifting through mixed third-quarter earnings and watching energy costs rise.



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