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Wachovia names regional mortgage banking executive (BizJournals)  Wachovia Mortgage Corp. has named Mark Case mortgage banking executive for its mid-South region, which includes Alabama, Tennessee, Mississippi and Northwest Florida.read more...


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May 10th, 2008

Mortgage Credit Losses Could Total $500 Bln: Goldman

“If anything, they may come under pressure to ease further, though at present this is not our base case.”

Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy … via BNET



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