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Congress approves student loan bill (Reuters)

Posted on July 31st, 2008
Reuters - Legislation that seeks to protect college students from lending abuses while boosting student aid was approved by Congress on Thursday.

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Judge dismisses class-action bond interest lawsuit (AP)

Posted on July 31st, 2008
AP - A North Carolina judge threw out a class-action lawsuit Thursday filed by North Carolina residents seeking refunds on income tax they paid on interest generated from out-of-state bonds.

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Fidelity’s Magellan fund reshuffles finance holdings (Reuters)

Posted on July 31st, 2008
Reuters - Fidelity Investments' flagship Magellan stock fund significantly boosted its holdings in June of insurer American International Group and U.S. investment bank Goldman Sachs , in a big reshuffle of its financial sector exposure.

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Freddie Mac boosts mortgage servicer incentives (Reuters)

Posted on July 31st, 2008
Reuters - Freddie Mac , the second-biggest provider of funding for U.S. residential mortgages, on Thursday said it is boosting incentives to mortgage servicing companies to help more borrowers renegotiate loans in an effort to curb rising delinquencies.

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GMAC posts $2.48 billion loss on big write-downs (Reuters)

Posted on July 31st, 2008
Reuters - Finance company GMAC LLC posted a $2.48 billion second-quarter loss on Thursday, as rising gas prices forced it to write down sport-utility vehicle leases, while losses in its mortgage lending unit soared.

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Make a Plan to Get Out of Debt and Start Living Debt Free Posted By : Christina Costa

Posted on July 31st, 2008
Maybe you have found yourself in debt but have no idea how to get out. You need a plan. It may feel like a tough situation to be in, but if you invest the time and are disciplined, it is possible to succeed. Financial freedom can be in your future!

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Bush quietly signs mortgage relief measure (AP)

Posted on July 30th, 2008

A sign advertising a reduced price is seen in front of a home for sale in Richmond, California, June 2008. US President George W. Bush has signed an elaborate housing rescue plan designed to help thousands of homeowners avert foreclosure and bolster mortgage finance giants.(AFP/Getty Images/File/Justin Sullivan)AP - President Bush signed a housing bill Wednesday intended to rescue about 15 percent of the cash-strapped homeowners in fear of foreclosure in the next year or so.


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