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High-risk mortgages spread to Ohio's small towns  COLUMBUS - An increasing number of Ohioans who live in small towns and rural areas are losing their homes because of risky, high-interest mortgage loans, records show.read more...


For Durability and Eye-Catching Patterns, Granite Is a Cut Above    Q: DEAR TIM: Granite tile looks as if it would be excellent flooring or a wall treatment. Is granite flooring a good choice, or will it scratch easily? I


Mortgage approvals hit new low   The number of mortgages approved for people moving home fell to a three-year low during November, figures showed.Just 83,000 new home loans were approved for people buying a property


'UK's biggest mortgage' cleared (PA via Yahoo! UK & Ireland News)  Theatre mogul Andrew Lloyd Webber has cleared what has been described as "the biggest mortgage in Britain" after reaching an agreement for a refinancing of his company's debts.read more...


Center/hotel project $5M over budget  Penn Square Partners, Convention Center Authority must work together to fill gap, authority's executive director urges.via


Home businesses adapt to growth  Many people who start home-based companies find after a few years that the business has grown too big for the house.via

January 11th, 2008

Shot in the arm for mortgage industry? (The Charlotte Observer)

Bank of America Corp.’s $4.1 billion rescue of Countrywide Financial Corp. could help stem economic turmoil by giving global investors more confidence in the battered U.S. mortgage industry. It also bolsters arguments that government intervention isn’t the only way to assist struggling companies and settle nervous credit markets. But experts say it’s nowhere near a complete fix for the U.S. ...

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