99 Sec Demo

Tuesday Mar 20, 2007

99 Sec News

Banks Pick Up Where Fed Left Off, Restricting Access to Credit
Fed officials may discuss the tightening in mortgage lending and its impact on the economy, already slowed by a housing recession, at their two-day meeting that starts today. Countrywide Financial Corp., the biggest U.S. mortgage provider, last week stopped taking applications for no-money-down loans from risky borrowers without proof of income.

Comments:

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Posted by motorola-v3-ringtone on March 27, 2007 at 12:59 AM PDT #

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Posted by car-rim on March 28, 2007 at 09:07 AM PDT #

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