Banks and other lenders across the US have been tightening their credit standards and not just on mortgage loans.
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Govenor Frederic Mishkin spoke today at the Tuck Global Capital Markets Conference regarding recent financial disruptions.
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Wendy Topkis, the daughter of Toll Brothers co-founder and Vice Chairman Bruce Toll, is walking away from a Florida condo.
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An executive of The Hartford told Florida lawmakers today that the group would need five or six more years of strong profits to recoup losses from 2004 and 2005 hurricane seasons.
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A national home price gauge released today showed that prices of existing single-family homes recorded their biggest annual drop in October.
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According to government data released today the FHA secure program released by President George W. Bush in August has helped just 266 borrowers since it’s creation.
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According to Moody’s Economy.com housing prices across the US are expected to fall more than thirty percent before it recovers.
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As seven more have been arrested for mortgage fraud new legislation is being proposed to increase criminal penalties for people convicted of mortgage fraud.
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RealityTrac, an independent company that tracks foreclosures in 100 different major cities, released its numbers today and the outlook doesn’t look good.
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The Ft Lauderdale, Florida based builder Levitt and Sons filed for bankruptcy today, becoming the nations largest builder to file for bankruptcy during the credit crunch.
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