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U.K. tries to stop a run on big mortgage lender, stocks sink (USA Today)  Britain's financial authorities stepped in to rescue mortgage lender Northern Rock on Friday as the group, which has lent aggressively to home buyers, fell victim to the sharp rise in


Homes in a Box Are Popular But Present Some Challenges  Kit houses sold as parts have attracted a near cult-like following among style-minded consumers and do-it-yourselfers. But assembling these abodes can present unexpected pitfalls. read more...


Large cap stocks coming back to life  All eyes have been focused on the Dow Jones industrial average as it moves in fits and starts toward a new all-time record for the first time in six years.read


Home Selling Tips - The Info Buyers Need   This goes beyond the usual home selling tips. Learn what to say to prospective buyers, in person and in your advertising. via Buzzle.com read more...


Understanding a LIBOR ARM  It's an adjustable-rate mortgage using a different index, says Dr. Don.read more...


Keel flips on cause he, Street adopted (Reg Req'd)  It was just about three years ago that then-mayoral spokesman Frank Keel stood with Mayor Street to announce a new city effort to attack what they described as unscrupulous lending

April 13th, 2008

Mortgage bailout could put nation’s credit rating at risk, report says (St. Louis Post-Dispatch)

WASHINGTON (AP)—A deep recession could force mortgage-finance titans Fannie Mae and Freddie Mac to require a federal bailout large enough to hurt the U.S. government’s top-grade credit rating, Standard & Poor’s warned Monday.

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