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SUNDAY, NOVEMBER 8, 2009
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PREMIUM NEWS ARCHIVE

MBA: Some ARMs Fuel Crisis.(impact of adjustable-rate mortgages on sub prime crises)

Article from: American Banker Article date: March 7, 2008 Author: Berry, Kate

Subprime adjustable-rate mortgages remain the driving force behind the nation's housing crisis, with one in three either delinquent or in foreclosure in the fourth quarter, according to Mortgage Bankers Association research released Thursday.

The nation's overall delinquency rate, which measures loans that are 30 days or more past due but not in foreclosure, rose 23 basis points from the third quarter and 87 basis points from a year earlier, to 5.82% - the highest rate since 1985, when delinquencies peaked at 6.07%, according ...

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Half of US Kids Will Get Food Stamps at Some Point

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 Goldman Seizes Homes 
 as Securities Sour 




Just getting them to admit they hold your mortgage can be an ordeal

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 Geithner: 
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Nov 1, 09 6:56 AM CST
(AP) - Timothy Geithner says the US economy has suffered a lot of damage in the current downturn, and it's going to take time before it fully recovers. The treasury secretary said on NBC's Meet the Press that creating jobs and regaining the confidence of investors will be the real test of... More »

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