The number of Britons losing their homes to mortgage lenders rose by 12 percent in the third quarter to 11,300. The Council of Mortgage Lenders also said the number of borrowers in arrears also went up compared with the previous quarter, by eight ...
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WASHINGTON (AP) -- Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in ...
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The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many of them the ...
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Nov. 22 (Bloomberg) -- Seizure and sale of Downey Financial Corp. and two smaller lenders may cost the FDIC more than $2 billion as foreclosures rise and home prices extend declines in the worst housing slump since the Great Depression. U.S. Bancorp ...
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If you want to know what happened to cause the mega financial crisis of 2008 you can’t do much better than to watch the Public Broadcasting System’s TV program of November 21, Credit and Credibility. If you missed the program, you can watch the ...
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The teetering economy and its see-saw riders, fear and uncertainty, have made for interesting times, and it’s hard to know what will happen next. Debbie Moreno, president and chief executive, Greater Bakersfield Chamber of Commerce. Photo by Felix ...
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MANCHESTER, N.H.— The rate of increase for home foreclosures in New Hampshire appears to be slowing down. This year, there were 2,946 foreclosures through the end of October, up 85 percent from the 1,592 through October 2007. However, the rate of ...
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