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Out from under the cloud of foreclosure  The former Pillowtex worker had what consumer advocates call a "predatory loan." The mortgage on his home included such onerous terms as a 13.36 percent interest rate and a balloon


Finance/Realtor connection  Ruth Ball is a new sales associate with Re/Max United, 526 Indiana 32 East. Ball speaks fluent Spanish and serves Westfield and surrounding areas.read more...


Pockets of weakness threaten Canadian economy  At first glance, Canada's economy is performing well: Jobs are up, more new homes are being built, companies are adjusting to a strong Canadian dollar and Canada remains the only


This Week In City Hall  read more...


Alleged hate crime at Home Depot construction site target of FBI probe   Mark Allen's Journal Click here to see the latest in Mark Allen's Journal. With love, laughter, music and memories he shares these stories with you. via WTHI-TV Terre Haute


HSBC sells part of mortgage book (Reuters via Yahoo! UK & Ireland Finance)  Global bank HSBC Holdings said on Friday that it has agreed to sell its broker-originated residential mortgage book in Australia to mortgage lender FirstMac.read more...

November 26th, 2007

Mortgage crisis expected to cost Bay Area $5.4 billion next year (San Francisco Chronicle)

The subprime mortgage fiasco stands to cost the Bay Area economy more than $5.4 billion next year, according to the latest report intending to put a dollar figure on the rising wave of real estate foreclosures. The lending crisis will cost the national…

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