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Comparing bank yields and safety ratings  If the accounts are FDIC insured, it's a matter of convenience, says Dr. Don.read more...


Banks can boost country?s virgin mortgage industry (IPP Media)  The number of people looking for rentable homes in all urban and peri-urban areas in Tanzania is just more testimony to the fact that the country?s mortgage industry is almost


Countrywide bankruptcy 'a malicious rumor'  "We think we've struck a fair price" Fears that troubled mortgage lender Countrywide Financial has been on the verge of bankruptcy were due to unfounded rumors, Bank of America


City rates high in home-loan disparity  Like an equation that never seems to add up, the mortgage approval gap between whites and minorities in the Milwaukee area continues to lead the nation, according to a report


Sector Wrap: Mortgage Lenders Decline (AP via Yahoo! Finance)   Shares of mortgage lenders continued to erode this week as new housing data reflected tumbling prices and rising inventory, and a major lender told investors it is ratcheting up


Early signs of depression and stock market collapse - a surge in mortgage delinquencies in the past few months (India Daily)  A surge in mortgage delinquencies in the past few months is scary. The mortgage bankers are quiet about it to make sure panic does not strike.read more...

December 31st, 2007

Mortgage defaults in Nov. hit record (Baltimore Sun)

Mortgage insurers saw defaults rise to a new monthly record in November, according to data published yesterday by an industry trade group, adding to evidence the U.S. housing slump is deepening.

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