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Katahdin Cultural Center Makes Progress  On July 1, the doors were open to the new center and residents and visitors were able to see what was being planned for their region.read more...


Hearing looks at zero-downpayment pilot  A handful of community and housing groups will be represented at the witness table for today's hearing on a zero-downpayment mortgage pilot proposed by Reps.via


Lloyds extends Islamic finance scheme  Lloyds TSB today extended its pilot Islamic banking service, making it available to more customers in the south of England.read more...


Small defects become big turnoff for home buyers  Any house -- even a brand-new house -- needs fixing from time to time. It's just that buyers don't want to be reminded of this obvious truth when it comes


Revamping Mortgage Insurance (Multi-Housing News)  JUNE 06, 2007 -- Federal Housing Administration (FHA) mortgage insurance brings great financing benefits not available anywhere else.read more...


Pound still weak  The pound remained weak against the euro as the single currencies continued to make gains across the board.read more...

February 29th, 2008

Credit losses from mortgage crisis could hit $400B (USA Today)

Total credit losses from the mortgage meltdown could total nearly $400 billion, with about half that amount being borne by U.S. financial institutions, according to new research released Friday.

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