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Borders May Be Up for Sale  DETROIT | Borders could become the latest victim of the credit squeeze, announcing Thursday that it may put itself up for sale. Rival Barnes & Noble, meanwhile, saw fourth-quarter profits


New Zealand home construction rises, adding to economic growth  "It was a fraction on the high side and seems to go against the trend in consents,'' said Steel, who expects the economy grew 0.7 percent in the quarter. "Over


Contacting mortgage servicers (Bankrate.com)  When you're falling behind on your house payments and you need to work something out with the mortgage servicer, you want to talk to someone in the loss mitigation department.


Mortgage slump hits home decor industry (AP via Yahoo! News)   Doug Schock shook his head in disbelief while gazing at the empty bank of elevators, typically full as they shuttle thousands of buyers between dozens of showrooms filled with


Evacuees plant roots in Phila. (Reg Req'd)  Aboard a minibus stocked with water and snacks and accompanied by a police escort, 15 Gulf Coast evacuees went on a house-hunting tour of Philadelphia on Friday and five of


Quiet title lawsuit can clear title of missing owner  Seller's absent boyfriend still on property title DEAR BOB: I am a real estate broker with an opportunity to obtain a listing on a beautiful house.read more...

October 31st, 2007

Paulson Hedge Funds Cut Subprime-Mortgage Bets, Extend Gains (Bloomberg.com)

Nov. 1 (Bloomberg)—Paulson & Co. scaled back bets against subprime-mortgage securities, recording investment profits that helped the New York-based hedge-fund manager double assets to $24 billion this year.

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