Northern Rock announced it was seeking financial assistance from central bank. As soon as it was announced customers rushed to lines to withdraw over 1 billion pounds so far. The US Credit crunch has spread across the ocean to rock thousands of customers of the UK’s 5th largest mortgage lender. Customers have refused to leave without their money!
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Add comment October 25th, 2007
In a press release last week, the president of the National Association of Realtors applauded Bush’s FHA mortgage bailout proposal, and admitted that the Association has been pushing for the bailout since early 2007.
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Add comment October 25th, 2007
According to the most recent foreclosure numbers released by the Mortgage Bankers Association (MBA), the U.S. is embroiled in the worst foreclosure crisis in recorded history. More than 14 percent of subprime borrowers are defaulting, and prime borrowers are beginning to follow suit.
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Add comment October 25th, 2007
Foreclosure filings across the U.S. nearly doubled last month compared with September 2006, as financially strapped homeowners already behind on mortgage payments defaulted on their loans or came closer to losing their homes to foreclosure
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Add comment October 25th, 2007
He says his tax plan would give 150 million workers a $500 payroll tax credit, expand relief on mortgage interest, eliminate income taxes for seniors making less than $50,000 and simplify returns so millions could file in less than five minutes.
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Add comment October 25th, 2007
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