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125% Home Loan | Refinancing a Second Mortgage | Equity Loans - E-LOAN
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Bad Credit Mortgage Second News
Set goals high, debt low to improve credit score
A recent report shows the proportion of Americans who have FICO credit scores below 600 - a level that makes it nearly impossible to get loans - has risen to 25.5 percent, up from 24.1 percent two years ago. The likely cause: rising unemployment and bad... Credit score - FICO - Business - Financial Services - United States
Read more...Mortgage-Shorting Billionaire John Paulson's Hedge Fund Down Big This Year
Amid a broader outpouring of funds from the hedge fund industry this summer, famous mortgage-market short-seller John Paulson has racked up additional losses in one of its most difficult years on record, the Financial Times reports. Paulson's $9 billion Advantage Plus fund lost 4.3 percent in August, the FT says, "according to an investor." The company's $3 billion Recovery fund fell 9.1 percent ...
Read more...Moody's: Bank writedowns at 2/3 of likely total
Moody's Investors Service said Wednesday it appears U.S. banks have written off about two-thirds of the bad loans they're likely to face through 2011.
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