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U.S.: mortgage default rate stabilizing (Lexington Herald-Leader)

Story date: 2007-09-24 08:56:16
Added on: 2007-09-24 09:00:16


The default rate on U.S. mortgages is stabilizing, an American housing official said Monday, adding she didn't expect last week's cut in U.S. interest rates to significantly affect the number of defaults. Speaking on the sidelines of a forum in Singapore, U.S. Housing and Urban Development Assistant Secretary Darlene Williams said the U.S. Federal Reserve's bigger-than-expected half-point cut of ...


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