Credit-Concern News Archive

Reuters - The U.S. Federal Reserve's balance sheet shrank slightly in the latest week on a small dip in its holdings of agency mortgage-backed securities, Fed data released on Thursday showed.

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The Christian Science Monitor - Mortgage interest rates crept up for the fourth week in a row Thursday, a troubling sign for borrowers hoping that home finance will remain near historic lows during the new year.

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Reuters - Washington Mutual Inc said it could receive an additional $2.6 billion in tax refunds due to a recently enacted law, sending shares of the bankrupt bank holding company soaring on Thursday.

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AP - Mortgage rates rose for the fourth straight week, ending the year above 5 percent.

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AP - Partygoers worldwide have at least one good reason to forget the economic pain, job fears and mortgage woes of 2009: unusually cheap Champagne for New Year's.

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AP - Memphis city and Shelby County officials have filed a federal civil lawsuit against Wells Fargo Bank alleging discriminatory mortgage lending practices.

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AFP - The US government threw troubled GMAC a third lifeline, of 3.8 billion dollars, and took a controlling stake in a bid to turn around the mortgage and auto lender.

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