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European debt crisis is no longer to blame for higher Australian mortgage rates, according to NAB chief executive Cameron Clyne.
European debt crisis is no longer to blame for higher Australian mortgage rates, according to NAB chief executive Cameron Clyne.

Obama Pushing for Mortgage Deal: FBR

Posted by mortgage 205 days ago (Editorial)
NEW YORK (TheStreet) -- The 50 state attorney generals are in the home stretch of a $25 billion settlement with the largest mortgage loan servicers according to a an FBR Capital Markets report. According to FBR's Washington contacts, "the Obama Administration, especially Housing and Urban Development Secretary Shaun Donovan, has stepped up efforts to come to a settlement," along with the U.S ...
Banks nationwide still wrestling with legal troubles springing from the subprime mortgage crisis are lobbying the new consumer agency for strong legal protection for future home loans.

Banks pushing for legal shield on mortgages

Posted by mortgage 285 days ago (Editorial)
WASHINGTON (Reuters) - U.S. banks still wrestling with legal troubles springing from the subprime mortgage crisis are lobbying the new consumer agency for strong legal protection for future home loans.
In the beginning, there was only a financial crisis. When the subprime mortgage market blew up in August 2007, few economists worried about the wider impact. In retrospect, that serenity was foolish, Breakingviews writes.

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