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Mortgage Rates Climb on Inflation Fears (San Francisco Chronicle)  Interest rates on 30-year mortgages rose for a third straight week, hitting the highest level in more than four years as investors continued to express worries about inflation. Freddie Mac,


Online Listings Of Homes for Sale  An overwhelming majority of home buyers use the Internet while house hunting. We take a look at some online offerings. read more...


Should finances be in public school curriculum?  As an insurance agent who worked for a savings and loan, I would definitely encourage a financial education by the public school system.read more...


Stock Rally Snaps After Fed Chief Speaks  NEW YORK - Wall Street retreated Wednesday but managed a late-day partial recovery as investors reacted uneasily to Federal Reserve Chairman Ben Bernanke's comments on the economy and news that


Guide to Closings and Construction  read more...


Habitat to Use Pervious Concrete  Habitat for Humanity, the nonprofit Christian home builder known for helping poor families get into houses they can own, is launching an experiment that could make a difference in how

December 4th, 2007

H&R Block closing mortgage loan unit (Houston Chronicle)

H&R Block said Tuesday that a deal to sell its troubled mortgage lending arm has fallen through, forcing it to scrap most of the $1 billion business. The Kansas City-based tax preparer and Cerberus Capital Management LP said that they have terminated their agreement, announced in April, for a Cerberus subsidiary to buy Option One Mortgage Corp.

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