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Choosing the Right Mortgage (BellaOnline)
It’s in the news and everywhere we turn. It’s all about the mortgage industry and how it is falling apart. The reality is that the unconventional types of mortgages have created problems and are probably a thing of the past.
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There's 'plenty of money' for loans, bankers report (The Findlay Courier)
Despite fear and rumors that credit has dried up, one still can get a loan to buy a house, car, college education or farm supplies.
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A silver lining for borrowers (The Record)
NEW YORK — There are few silver linings for consumers, who have seen the Standard & Poor's 500 Index drop more than 30 percent this year. Lower mortgage rates may be one of them.
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States and cities are in the same fiscal mess as the federal government (Seattle Times)
But to fashion a full recovery policy, official Washington will be obliged to work more closely with state and local governments, devising major fiscal-recovery plans, shared agendas and reasonable regulation.
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Color of Money Live (Washington Post)
Personal finance columnist Michelle Singletary will host a free-for-all discussion about money matters.
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AmEx rates credit risk by where you live, shop (MSNBC)
As the global credit crunch reaches beyond Wall Street, some American Express customers are seeing credit limits reduced because of where they live, where they shop and who holds their mortgage.
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THANKS FOR YOUR QUESTIONS: Read what our financial advisers had to say (Detroit Free Press)
Freep.com hosted a live chat this afternoon with your questions on the nation's economic turmoil. Read what our mortgage and financial experts had to say to readers.
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Types of mortgages (Bankrate.com)
How they work: "The dominant number of loans made in the conventional market use Fannie Mae and Freddie Mac guidelines for conforming loans," says John Councilman, federal housing chairman for The National Association of Mortgage Brokers in McLean, Va. The U.S. government bailout of Fannie Mae and Freddie Mac may affect both entities' underwriting guidelines going forward, but no changes have ...
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Considering buying your first home? (Seattle Times)
The decision about whether to buy a first home is complex. You need to consider the state of your finances, how well you understand the...
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UPI NewsTrack Business (UPI)
U.S. markets fall Wednesday ... Small businesses mixed about bailout ... Mortgage volume down ... Wall Street slipping in global status ... News from United Press International.
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