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FDIC sees most problem banks since 2003 - MSN MoneyCentralWASHINGTON (Reuters) - The number of troubled U.S. banks rose 30 percent to 117 in the second quarter, the highest level in five years, and a top regulator warned that conditions will worsen as the housing slump and credit crisis continues to pound ...
Silicon Valley's weak recovery squeezes middle class - Silicon ValleySilicon Valley's recovery from the technology bust early this decade generated relatively few jobs, and the ''middle-class squeeze'' is intensifying as household incomes flatten and the cost of living rises, a report released Monday shows. The study ...
U.S. Says Banks on `Problem List' Rose 30% in Quarter (Update2) - BloombergAug. 26 (Bloomberg) -- The U.S. Federal Deposit Insurance Corp. said its ``problem list'' of banks increased 30 percent in the second quarter to the highest total in five years as more commercial real-estate loans were overdue. The list had 117 banks ...
The Credit Crunch Cuts Deeper and Wider - BusinessWeekOn Wall Street, the yearlong credit crunch continues to hog headlines. For example, the future is still in question for investment banks like Lehman Brothers ( LEH ) and mortgage financiers (BusinessWeek.com, 8/22/08) Fannie Mae ( FNM ) and Freddie ...
Today's Herald - Calgary HeraldInvestment in Canadian commercial real estate declined sharply in the first half of 2008 and investment for the year as a whole is expected to be considerably lower than last year's record level, says a mid-2008 report by CB Richard Ellis Ltd. But ...
Number of troubled U.S. banks jumps - Globe and MailWASHINGTON — The number of troubled U.S. banks rose 30 per cent to 117 in the second quarter, the highest level in five years, and a top regulator warned that conditions will worsen as the housing slump and credit crisis continues to pound ...
Save Write to Editor - Economic TimesWASHINGTON: The number of troubled US banks rose 30 percent to 117 in the second quarter, the highest level in five years, and a top regulator warned that conditions will worsen as the housing slump and credit crisis continues to pound profitability ...
'Our house heartbreak' - St. Albans ObserverA LOVING son who spent years caring for his sick mother is facing eviction from his council home in Harpenden. Raymond McHale, 64, and his common-law wife Christine Heap, 60, received a notice to quit their three-bedroom house in Sherwoods Rise by St ...
US "problem" bank list grows as profits evaporate - The AgeThe US Federal Deposit Insurance Corp. said its ''problem list'' of banks increased 30% in the second quarter to the highest total in five years as more commercial real-estate loans were overdue. The list had 117 banks as of June 30, up from 90 in ...
Apartment dwellers hunker down - New Mexico Business WeeklyApartment tenants in the Albuquerque metro area are staying put now more than ever, and more potential home buyers are opting to rent, riding out an uncertain economy. “The psychology of the moment is wait and see,” said David Eagle, a broker ...

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Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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