Mortgage meltdown (Fort Wayne Journal Gazette)
What the Credit Bureaus Don't Tell You
Mortgage meltdown (Fort Wayne Journal Gazette)
When the subprime mortgage topic turns up, a lot of people tune out.
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As credit tightens, foreclosures plague US (AFP via Yahoo! News)
Swamped by rising US mortgage interest rates, hundreds of thousands of home buyers are seeing their homes seized by banks in a wrenching drama behind the financial turmoil rocking markets.
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Free Times - Ohio's Premier News, Arts, & Entertainment Weekly (Cleveland Free Times)
Last week, the Ohio Democratic Party shit-canned Megan Pappada, its new coordinator for women's outreach, just a few hours after she was hired, when blogger Jill Miller Zimon (WritesLikeSheTalks.blogspot.com) uncovered Pappada's "seedy" past on the Web. Turns out when Pappada was 18, she wrote a letter to the Ohio State University student newspaper in which she suggested that there was too much ...
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U.S. rate cuts won't cure ailing market (MSN Money Canada)
Ben Bernanke and his U.S. Fed cohorts will get cheap money flowing with a series of interest-rate cuts. But that won't fix the credit crunch.
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As credit tightens, foreclosures plague US (TODAYonline)
A foreclosure sign sits in front of a home, March 2007 in Miami. Home foreclosures in the United States surged in July, affecting one in 693 households across the nation, a leading foreclosure data firm said Tuesday.
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Stocks surge as credit-loosening efforts begin to take effect (The Kansas City Star)
Shares of Kansas City’s NovaStar Financial Inc. gained almost 20 percent Wednesday, even as the mortgage industry was busy cutting more than 3,300 jobs Wednesday.
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Housing Bubble and Real Estate Market Tracker (Seeking Alpha via Yahoo! Finance)
A roundup of articles and data about the housing market.
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Home Foreclosures Almost Double in July as Rates Rise (Update3) (Bloomberg.com)
Aug. 21 (Bloomberg) -- U.S. homes facing foreclosure almost doubled in July as property owners with adjustable-rate mortgages saw their payments rise and were unable to refinance because of the subprime crisis, RealtyTrac Inc. said.
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Cleveland savaged by tragedy of home foreclosures (AFP via Yahoo! News)
The US dream of home ownership is going up in smoke in Cleveland, now littered with broken promises and lost hopes as it tops the nation's tragic roll call of foreclosures.
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Mortgage rules toughen up (Asheville Citizen-Times)
ASHEVILLE -- ASHEVILLE -- A loan that was supposed to last just long enough to get Barbara Steele into a three-bedroom North Asheville home and boost her credit score now has the single mom financially trapped.
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Mortgage meltdown (Fort Wayne Journal Gazette)
The truth is that the Fair-Isaacs Company and the major credit repositories do not divulge how the scoring model works. Due to the level of erroneous reporting to peoples' credit files, there has been pressure on Congress lately to make the credit repositories more accountable for the accuracy of the information they report AND to divulge what goes into the scoring models, so that people can know what to do to improve their scores.
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