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Put a Lid on Rising Mortgage Payments (Wellsville Daily Reporter)  (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...


Credicorp Q3 net income up 44%  Banking: Credicorp Q3 net income up 44% Net income of US$47.6mn compared with US$32.9mn for the same quarter last year, the group said in a statement.read more...


Ringgold begins process for new building  The oldest school structure in the Benton district is quickly becoming only a memory.via


Houston Mortgage Monitor (Houston Chronicle)   INDIVIDUAL LENDER RATES The mortgage interest rate list represents a sampling of rates as quoted by lenders in the Houston market on Friday. Rates, which may change on


Home Building, Bids for Permits Continue Free Fall    Housing construction fell in November, with single-family activity dropping to the lowest level in more than 16 years. Analysts said the recession in housing showed no signs of a


Salt Lakers Rush To Remodel While They Can  As Salt Lake City leaders languish through what some have estimated will be a six-month process to curb monster-home building, anxious remodelers are clamoring to push their projects through before

February 29th, 2008

Pimco’s Gross Plans to Buy Municipal, Mortgage Debt (Update3) (Bloomberg.com)

Feb. 29 (Bloomberg)—Bill Gross, manager of the world’s biggest bond fund, plans to invest in municipal bonds and mortgage loans as banks’ reluctance to lend forces hedge funds and other investors to unload the debt.

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