Fed's Rate Reduction May Give Little Relief to U.S. Homeowners
Story date: 2007-09-23 10:08:00
Added on: 2007-09-23 23:00:12
Bloomberg - Rising defaults in subprime mortgages, made to borrowers with bad or incomplete credit histories, killed demand for mortgage-backed securities, stopping the flow of money to lenders and making it more difficult for home buyers to secure loans ...
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