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Threat of higher interest rates fails to curb lending  Local banks have not yet begun to put the brakes on lending despite clear warnings from both Reserve Bank governor Tito Mboweni and finance minister Trevor Manuel that the interest


He'd rather not be in Philadelphia   After a five-year absence from Chicago, Paul Vallas is bowing out as Philadelphia Schools CEO and returning to the Chicago area, where he's been looking at homes via the


Summer home of JFK's grandfather fetches $950K  HULL, Mass. - The former summer home of President Kennedy's grandfather sells at auction today for 950-thousand dollars.read more...


Steuben taxes could rise 3.6 percent  Bath | Taxpayers in Steuben County can expect an average property tax increase of 3.6 percent if the proposed 2006 county budget of $149 million is approved later this year.read


When to pay off a home mortgage (The Christian Science Monitor)  Our personal-finance expert tracks down the answers you need. read more...


GE Says Profit Rose to High End of Forecast, Helped by Solid' Order Rates  Printer-Friendly Format General Electric Says Profit Rose to High End of Forecast Oct.read more...

February 12th, 2008

Banks to pause delinquent mortgage foreclosures (Reuters via Yahoo! News)

Six top mortgage companies on Tuesday launched a program aimed at staving off foreclosure for seriously delinquent borrowers in the hopes that new, more affordable loan terms can be worked out.

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