Short Course: Pledged-asset mortgage (Detroit News)
A pledged-asset mortgage is a bit like buying a house “on margin.” Borrowers put investments into an account that acts as collateral for a full mortgage.
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UPDATE 4-Home Depot posts profit rise, to shrink Expo chain Top U.S. home improvement chain Home Depot Inc. on Tuesday reported a 14 percent rise in first-quarter profit as cost controls and strength in home renovation services offset weaker-than-expected sales.via
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