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There is always someone who wants your money - hopefully not more than you do. Here's a quick little FDIC quiz on scams : QUIZ The FDIC, which doesn't just close banks, also provides tips to borrowers on making their mortgage payments: CHECK IT OUT Palm Harbor Homes, owner of CountryPlace Mortgage, filed...
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My clock radio went dead, so I was faced with the usual question, "Do I pay to have it repaired, or do I buy a new one?" I went to a local repair shop, and on the door was a sign that said, "WE CAN REPAIR ANYTHING. (PLEASE KNOCK - THE BELL DOESN'T WORK!)" Needless to say, I have...
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Yesterday I mentioned the question about whether or not modified loans could still be forced back to the seller for buybacks . Freddie Mac does indeed say that the seller would still need to buy it back after a modification. At the current time, however, there is the belief that sellers continue to be...
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I couldn't make this stuff up. "Octomom" is facing foreclosure, and a leading adult entertainment kingpin is offering to pay her mortgage. Only in America! Dear Abbey, "If a mid-sized lender that is not doing any FHA loans (or is about to go through their test cases) and absorbs or...
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Sorry the commentary is a little late today. I was trying to track my Chia Pet order . Who could resist? Don't be the last one on your block to own one! (These may have contributed to the strong Retail Sales number this morning.) In my spare time I write an advice column. The other day I received...
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I never did well in the corporate world. Any employee knows, when you "take a long time", you're "slow". When your boss takes a long time, he's "thorough". When you "don't do it", you're "lazy". When your boss doesn't do it, he's...
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Although the give and take wasn't quite as drastic as yesterday's, once again we saw prices travel in a confined range with an almost symmetrical pattern. Once again we had economic data that could be interpreted either way and a stock market that did not make a decided move in one direction...
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Fed to Buy Total of Up to $200 Billion of GSE Debt in 2009, Sees "Gradual Resumption of Sustainable Economic Growth"; Fed Says Inflation May Persist Below Best Level, Will Use All Available Tools to Help Economy Recover; Fed to Continue Monitoring Balance Sheet Size and Composition (Bloomberg...
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Analysis and reaction with Michael Pond of Barclays Capital. (Bloomberg News)
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Federal Reserve Bank of St. Louis President James Bullard said it is fair to say the world is entering a period of exceptionally low interest rates . Speaking in New York, Bullard said the global recession will carry through until at least the first half of 2009. As for the U.S., he expects the first...