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Smarter men have been trying to answer that question for weeks. The smartest ones admit they have no idea. But there must be a point at which the stock market has fallen enough to discount an economic depression. Sure, but are we there yet? Equities ...

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The market mess explained (as best we can) - Globe and Mail

Department of Housing and Urban Development Secretary Steve Preston recently announced what he said was a "mammoth leap forward for the consumer." So what does this mammoth leap entail? It's an overhaul of the good-faith estimate used during the ...

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Mortgage 'Reform' in Steps Too Small - Washington Post

As federal agencies and the mortgage industry announced new initiatives last week to speed help for struggling borrowers, three of the area’s biggest lenders say the new efforts won’t change what they do because they’ve already been proactive ...

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Slowly, mortgage help comes - Buffalo News

Owners of buy-to-let properties have yet to gain from the lower mortgage rates on offer from lenders. Although some banks and building societies have started to reprice their tracker rates and introduce lower fixed rates on residential mortgages ...

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Buy-to-let loans yet to benefit - Financial Times

Economists may debate whether or not the economy is technically in a recession, but Main Street doesn't share that ambivalence. Things are bad. They could get a lot worse. So how did we get here? Much of our current difficulty is obviously tied to ...

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Voice of the Day - News-Leader.com

With no end to the foreclosure epidemic in sight, mortgage lenders have begun to do something they previously resisted: rewriting the terms of mortgage loans. The about-face is a bow to political pressure and reality: The number of foreclosed ...

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More lenders offer mortgage relief programs - Minneapolis Star Tribune

The ethical subprime-lending industry helps people buy houses they can afford In recent months, conservative economists and editorialists have tried to pin the blame for the international financial mess on subprime lending and subprime borrowers. If ...

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The Subprime Good Guys These mortgage lenders loan to poor people ... - Slate

Congress needs to stop listening to the advice of corporate representatives who are ultimately responsible for this economic crisis and start listening to the real economists. According to most highly respected economists the best approach to this ...

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Congress needs a new approach to crisis - Union

Feeling the pressure from a national economic downturn, Spartanburg-based First National Bank of the South announced Friday it plans to cut 19 jobs. About 12 full-time employees and one temporary worker from across the bank's operations will lose ...

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Spartanburg-based bank will cut 19 jobs - Spartanburg Herald-Journal

Banks are projected to claw back £3.9 billion over the next year by increasing their profit margins on mortgages, loans, credit cards and overdrafts – at a time when the Bank of England's base rate has fallen sharply, from 5.75 per cent last ...

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