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It's lonely at the top when you're Escambia's roof repair inspector  Licensed roofers in Escambia before Hurricane Ivan: 200. Temporary roofing licenses issued by the county's Building Inspections Department: 1,416. Roofers licensed to work in the area after Ivan: 2,021 at


Record Wall Street Bonuses May Boost Sales in Manhattan  The state of the housing market in much of the country may be gloomy, but here, the number of homes sold were up in November and prices continue to appreciate


Mortgage industry facing more troubles (AP via Yahoo! News)   In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad ? and most


Mortgage loan production office opens (Hammond Daily Star)  PONCHATOULA - The board of directors and staff of American Bank & Trust Co. Inc. of Covington announce the grand opening of their mortgage loan production office at 1180 Hwy.


Reilly Mortgage completes sale to Wells Fargo (bizjournals.com via Yahoo! Finance)   Wells Fargo Bank has completed its acquisition of Reilly Mortgage Group, a private multifamily real estate finance firm, for an undisclosed amount.read more...


Ask the expert: UK house prices  Douglas McWilliams: Not immediately, unless rates are cut much faster than we are currently predicting.read more...

May 15th, 2008

Banks may swap up to 90 billion pound mortgage assets (Reuters.co.uk)

LONDON (Reuters) – Britain’s biggest banks are preparing to swap between 80 billion and 90 billion pounds of mortgage-backed assets for Bank of England Treasury bills, nearly twice what the central bank envisaged when it unveiled its scheme to unblock the frozen bank-lending market, the Financial Times reported on Friday.

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