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WASHINGTON - President-elect Barack Obama said Friday that he and Congress will "hone and refine" his nearly $800 billion economic recovery plan, as he seeks to patch fissures with senior Democrats over key features of the still-emerging plan. The ...

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Ap ยป Washington - Waterloo Cedar-Falls Courier

Jan. 9 (Bloomberg) -- Bank of America Corp., GMAC LLC, and WL Ross & Co. are among mortgage servicers that have endured billions of dollars in unexpected costs and added thousands of workers to handle rising foreclosures, denting a business once ...

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Mortgage Servicing Loses Luster as Bad Loans Mount (Update1) - Bloomberg

WASHINGTON/NEW YORK, Jan 9 (Reuters) - A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc ( C.N ) and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid ...

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UPDATE 2-US bank industry slams lawmaker-Citi mortgage deal - Reuters

WASHINGTON/NEW YORK (Reuters) - A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, saying ...

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Bank industry slams lawmaker-Citi mortgage deal - Reuters

A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, saying it could make home loans more ...

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US Bank Industry Slams Lawmaker-Citi Mortgage Deal - Javno

The average interest rate on 30-year U.S. fixed-rate mortgages dropped to a 38-year low of 5.01 percent in the latest week, after the Federal Reserve launched its mammoth plan to lower home borrowing costs, Freddie Mac said on Thursday. The rate for ...

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Mortgage Rate Plummets to Record Low - HispanicBusiness.com

Borrowers are rushing to refinance their mortgages at record low interest rates but face unexpected delays as swamped lenders struggle to cope with the surge at a time when layoffs have sharply cut staffing. Bank of America , which started shedding 7 ...

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Low mortgage rates leave lenders overwhelmed by refi requests - Chicago Tribune

When you apply for a mortgage to buy or refinance a house, should you be concerned that your appraiser is being paid much less than the $300 to $600 you're charged, perhaps half? Should you know who pockets the rest, or that cut-rate fees are too low ...

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Kenneth Harney on New Appraisal Standards - Washington Post

A chart created by Bloomberg News shows mortgage rates started falling after the Federal Reserve announced a $600 billion program to buy mortgage securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. Some U.S. banks have started offering ...

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US Mortgage Rates Fall As Fed Buys Securities - The Bulletin

Published January 09, 2009 12:38 pm - The Shenango Valley Mall in Hermitage is in receivership after defaulting on loans. Stores, though, will be staying open. Mercer County Common Pleas Judge Christopher St. John approved the appointment of a ...

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