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The Federal Reserve's balance sheet shrank in the latest week, partly due to a decline in its holdings of mortgage-related securities, Fed data released on Thursday showed...more |
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If nobody does their job right, and disaster ensues, who should pay for the sins of all? That is the predicament now confronting the mortgage industry, where it has become clear that many billions of dollars in home loans were sold, guaranteed and rated as safe without anyone bothering to examine whether the loans were made with due regard for the rules...more |
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Consumer interest in buying homes and absorption of today's bloated housing supply are critical to recovery. These market fundamentals, though, are moving farther out of reach as the American Dream of homeownership fades into the background for many...more |
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Despite absorbing significant layoffs in the past two years, additional job losses in the battered homebuilding sector are expected to continue, according to a report released by Deutsche Bank on Tuesday. ..more |
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