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Homebuilders find retro wallpapers groovy again  One of the most exiting trends today in interior design is mid-20th century modern, but, retro with a twist.read more...


Fed Raises Interest Rates Again  WASHINGTON - It is now 10 and counting. The Federal Reserve has raised interest rates 10 consecutive times over the past 14 months, and more rate hikes appear to be


China sells first pools of bad loans  China Cinda Asset Management plans to securitise 4.75 billion yuan in bad loans acquired from Bank of China, creating the first debt instruments formed from the country's non-performing bank assets.Commentread


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Charms and Challenges Of a Tiny Old Town    For almost four decades, the citizens of tiny Brookeville, population 155, have really wanted one thing -- a bypass around their 19th-century village. read more...


Buying Appliances for a Rental Without Breaking the Bank  Buyers of investment properties needn't purchase the latest and greatest when it comes to outfitting an investment property. June Fletcher on where to cut corners and how to find money-saving

May 8th, 2008

2 indicted in NYC over $44 million mortgage scheme (AP via Yahoo! Finance)

Two former owners of a defunct mortgage firm were charged on Thursday with stealing $44 million from Fannie Mae and forging paperwork in loan sales to Credit Suisse.

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