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Ally Financial’s ResCap mortgage unit files for bankruptcy

Ally Financial's ResCap mortgage The government is hoping that Monday’s bankruptcy filing by Ally Financial’s troubled mortgage business will help the organization repay its government bailout faster....

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CAL bank to focus on retail, mortgage financing

Mortgage Financing CAL Bank has indicated that it will focus on retail and mortgage financing as a strategy to grow its earnings this year. This will see the bank double its funding to retail customers...

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Rural development home loan specialist to visit

Rural Developments The meeting is going to be held at 9 a.m. Thursday, June 28 at Lane Agri-Park, 315 John R. Rice Blvd., Suite 179. The meeting is free of charge and open to the general public. No...

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Tighter mortgage rules will help save Canadians from themselves

Tighter mortgage rules In Canada Jim Flaherty, who had insisted it absolutely was up to commercial banks to simply accept lead on mortgage lending, on Thursday took that action himself ­- decreasing...

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Home Sales Show Bernanke’s Low Rates Are Gaining Traction

Housing Sales While the couple had considered buying recently, they never pulled the trigger. That changed in April, once they decided on a three-bedroom, two-bathroom colonial home in Arlington,...

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Financial ombudsman swamped by PPI complaints deluge

Financial ombudsman swamped Guardian Money continues to be told the organisation continues to be beset by long delays which have seen some claims take 4 years to resolve. This week, one small...

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UK’s first self-build community to fast-track new homes

Community to fast-track new homes The move is a component of wider efforts to assist double the size of the self-build sector – with backing from experts including Grand Designs presenter Kevin...

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Housing market gloom shadows CSR

Housing market gloom shadows CSR An expected fall within the number of new house begins to around 135,000 for that current year, when compared with about 148,000 around to March 31, 2012, had affected...

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HOW YOUR BANK SHOULD BE HELPING YOU?

Having an effective bank account offers numerous benefits to the customers. It gives strength to face unexpected situations. Suppose all of a  sudden you lost your job then how can you manage your...

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Conventional Loans And Jumbo Mortgage Loan

Conventional Loans: A conventional loan is a type of mortgage that is not insured by any of the government entity like the Veterans Administration (VA), the Rural Housing Service (RHS) or the Federal...

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