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NEW YORK--( BUSINESS WIRE )--Fitch Ratings has downgraded GMAC Commercial Mortgage Securities, Inc.'s commercial mortgage pass-through certificates, series 1998-C1 as follows: --$25.2 million class H to 'B' from 'BB-'; Outlook Stable; --$14.4 million ...

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Fitch Downgrades 3 Classes of GMAC 1998-C1; Assigns Stable Outlooks - Businesswire.com

MORE people in Exeter are at risk of losing their homes because of mortgage and rent arrears, new figures show. The number of mortgage repossession orders made by Exeter County Court in July to September was up 25 per cent on the same period last ...

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Mortgage arrears leave more people in danger of losing their homes - Exeter Express-Echo

Canadians are still in a mood to mortgage. Nearly four in 10 Canadians still think that now is a good time to buy a house, even though the proportion who expect home prices to fall further has soared and the proportion expecting higher housing prices ...

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Canadians still eager to purchase houses - Calgary Herald

Some homeowners could be enjoying an interest-free mortgage next year if interest rates continue to fall steeply, it was disclosed this week. Cheltenham & Gloucester, which is part of Lloyds TSB, offered a two-year tracker mortgage of 1.01 per cent ...

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Delight for some with interest-free mortgages - yorkshirepost

Home sales have fallen for more than a year. Values have dipped. And buyer confidence has deteriorated. But at least one national economist thinks the Houston-area housing market will see price appreciation of as much as 10 percent in 2009. Going ...

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Houston housing gets a vote of confidence - Houston Chronicle

WASHINGTON - Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government funding to help 1.5 million American households avoid foreclosure. Where to find that ...

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FDIC urges mortgage relief - Cincinnati.com

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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Federal regulators shut 2 California thrifts - Charleston Daily Mail

It sounds heartless, maybe even bitter, to ask the question: Why should we rescue people who aren’t making their home payments? Foreclosures are a huge problem, no doubt. Yet the vast majority of Americans are paying their mortgages on time, even ...

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Mitch Schnurman: Mortgage bailout is good for everybody - Fort Worth Star-Telegram

A: Mortgages that have been securitized may be contractually barred from modifications such as reduced interest rates. Rep. Barney Frank, D-Mass., said that while there has been progress on easing terms in mortgages that can be modified, it may take ...

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Q: Can the government force a mortgage company to change the interest ... - Louisville Courier-Journal

Sunday, November 16, 2008 How about a mortgage at 2.99 percent fixed rate for 30 years for anyone who purchases a home before July 1? Or how about a nonrepayable federal tax credit of 10 percent of the home price up to $22,000? Would enticements like ...

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