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Home loan crisis prompts US bail-out (The Age)
US government seizes control of firms holding half nation's home loans after surge in defaults.
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Indiana ranks near top in troubled home loans (The Indianapolis Star)
Indiana remains among the states with the highest percentage of troubled home mortgages, with the latest data showing the nation's housing crisis worsening with rising joblessness.
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U.S. seizes Fannie and Freddie (CNN Money)
Federal officials on Sunday unveiled an extraordinary takeover of Fannie Mae and Freddie Mac, putting the government in charge of the twin mortgage giants and the $5 trillion in home loans they back.
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Treasury Extends Secured Credit Line to Federal Home Loan Banks (Bloomberg.com)
Sept. 7 (Bloomberg) -- The U.S. Treasury extended a secured credit facility to the Federal Home Loan Banks, the government- chartered cooperatives, allowing them to borrow through the end of next year.
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An option for investors: IRA-leveraged loans (Everett Herald)
Investors and second home buyers see the long-term potential of some depressed properties, but many possible players simply don't have the ready cash to make the purchase. Besides, fuel prices are up and the kids need back-to-school clothes, plane fare and rent for an apartment.
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9% of home loans in trouble (Chicago Tribune)
Late payments, defaults spread to prime mortgages WASHINGTON — More than 4 million American homeowners with a mortgage, a record 9 percent, were behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday.
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US Government takes over home lenders (Adelaide Now)
THE US Government has made an unprecedented intervention in the troubled home-lending industry, taking over two credit giants to avoid a financial meltdown threating worldwide impact.
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Some States Set Caps to Control Payday Loans (New York Times)
Lawmakers in some states are looking to sharply reduce the caps on annual interest rates for payday lenders, as the industry is attempting to put the issue on the ballot.
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Private student loans getting tougher to find (Montgomery Advertiser)
Your child will be a college freshman this year, and you're a little apprehensive. Will she pass Econ 101? Eat her vegetables? Come home for Thanksgiving with an anarchist boyfriend and a full-body tattoo?
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You can buy a Vail Valley home (Vail Daily)
EAGLE COUNTY — No one in the real estate business likes saying no. But “no†is becoming more common in the vocabulary of brokers and lenders, especially when it comes to first-time home buyers.
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