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Clinton Says Wall Street Encouraged Reckless Mortgage Lending (Bloomberg via Yahoo! News)   Dec. 5 (Bloomberg) -- Democratic presidential candidate Hillary Clinton plans to go to the Nasdaq stock exchange in New York to say that Wall Street helped create a national


Mortgage approvals hit nine-year low (ShareCast via Yahoo! UK & Ireland Finance)  Gloom about the housing market deepened today as monthly mortgage approvals hit a nine-year low.read more...


Rebuilding may buoy housing construction  The Commerce Department says construction spending soared four-tenths of one percent to a record high in August, helped by strength in housing.read more...


Many Immigrant Communities Use 'Esos' to Pool Savings  When Thamara Labrousse wanted to save up the down payment for a home, she could easily have gone to the bank to deposit part of every paycheck she earns as


FTC, state fight fraud against Hispanics (Reg Req'd)  Hucksters of questionable Spanish-language health remedies or quick-buck schemes are coming under a barrage of federal, state and local enforcement actions.via


LDF Reservation Mortgage (WJFW Rhinelander)  Milwaukee - The Lac Du Flambeau Band of Lake Superior Chippewa may mortgage part of its reservation to combat a cash crunch caused by several multimillion-dollar investments.read more...

February 29th, 2008

Mishkin: Mortgage Mess Could Affect GDP (AP via Yahoo! Finance)

Federal Reserve Governor Frederic Mishkin said Friday that the ripple effects of the mortgage market ‘meltdown could subtract more than a percentage point from overall U.S. gross domestic product growth.

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