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Get used to stricter lending rules   Like a spreading infection, restrictions on credit are moving into new and more specialized niches of the mortgage market. via The Morning Call read more...


Bank's profit up 30% on widening margin  SHANGHAI: Shanghai Pudong Development Bank's first-half net profit rose by 30.83 per cent to 1.60 billion yuan , or 0.41 yuan per share, on the strength of a widening profit


Group helps officers rebuild (Reg Req'd)  Last summer, Sgt. Cathy Taylor, a deputy at the Orleans Parish Criminal Sheriff's Office, completed the latest of many home improvement projects at her house in eastern New Orleans: installing


Pending Home Sales Tumble; Indicating Softening Market  An index measuring such sales sank again in October, 13.2% below the level of a year earlier, suggesting more lessening of demand for the housing sector.read more...


City Council studies five-year CIP infrastructure  Deming's City Council today will consider the municipality's five-year Infrastructure Capital Improvement Plan, which includes projects such as flood control, new gas lines and the remodeling of the Deming Fire


North Harford High To Open After Labor Day  North Harford High School, currently involved in a $52.7 million modernization/addition project, will open for students on Tuesday, September 6 - five school days later than the August 29 opening

November 9th, 2007

Fannie Mae Profit Falls as Mortgage Defaults Fuel Credit Losses (Bloomberg.com)

Nov. 9 (Bloomberg)—Fannie Mae, the biggest source of money for U.S. home loans, said profit in the first nine months of the year fell 57 percent as mortgage defaults fueled an increase in credit losses.

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