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Washington Bad Credit Mortgage News
HDFC avoids subprime folly with $30,000-mortgage (Express India)
Housing Development Finance Corp, India's biggest mortgage provider, has dodged the bad loans that plagued banks in the US and Europe and plans to increase lending more than 20% this fiscal year, managing director Keki Mistry said.
Read more...Mortgage rates drop for third week in a row (Honolulu Advertiser)
Mortgage rates dropped for a third straight week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage finance giant, reported yesterday that rates on 30-year, fixed-rate mortgages averaged 6.04 percent this week, down from 6.14 percent last week.
Read more...US thrifts swing to $4B loss in 3Q (Washington Post)
WASHINGTON -- U.S. thrifts lost $4 billion in the third quarter as they set aside $7.9 billion to cover losses from bad mortgages and other loans amid worsening conditions in the U.S housing market, their government regulator said Thursday.
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