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    Personal Finance Headlines
    Dollar gains on US growth data, easing oil prices (AFP)

    A woman holds several euro and US dollar banknotes. The dollar strengthened Thursday after US growth figures were revised higher, suggesting underlying strength in the economy despite the ravages of the subprime mortgage crisis.(AFP/File/Bertrand Langlois)AFP - The dollar strengthened Thursday after US growth figures were revised higher, suggesting underlying strength in the economy despite the ravages of the subprime mortgage crisis.


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    Thu, 29 May 2008 22:08:30 GMT - Yahoo! News: Personal Finance News
    April insured mortgage defaults rise (Reuters)

    A For Sale sign is displayed in front of a home in Stockton, California February 2, 2008. Defaults on privately insured U.S. mortgages rose sharply in April, showing homeowners continue to struggle to keep up with loan payments. (Kimberly White - UNITED STATES/Reuters)Reuters - Defaults on privately insured mortgages rose sharply in April, showing homeowners continue to struggle to keep up with loan payments.


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    Fri, 30 May 2008 04:31:57 GMT - Yahoo! News: Personal Finance News
    First Housing, Now Oil (BusinessWeek Online)
    BusinessWeek Online - In Charlotte, N.C., gasoline at nearly $4 a gallon is cracking "the survivors," as credit counselor Bruce G. Hamlett calls them. They're the people who played by the rules and kept up their mortgage and utility payments even as neighbors gave up and moved away, leaving empty homes. Now, crazy prices at the pump are pushing even these survivors over the edge. "They're asking, 'Do I put gas in my car or do I pay this utility bill or do I pay the mortgage?'" says Hamlett, director of economic independence for Charlotte's United Family Services. ... -- read full article
    Thu, 29 May 2008 12:08:42 GMT - Yahoo! News: Personal Finance News
    Prudential sees mortgage losses capped at $400 mln (Reuters)
    Reuters - Prudential Financial Inc , one of the largest U.S. life insurers, said on Thursday it does not expect net credit losses from residential mortgage investments, including subprime, to exceed $400 million over five years. -- read full article
    Thu, 29 May 2008 13:59:04 GMT - Yahoo! News: Personal Finance News
    Rates on 30-year mortgages jump to 11-week high (AP)

    A home owned by Congresswoman Laura Richardson, D-Calif.,  threatened with repossession after she failed to pay the mortgage, is seen in Sacramento, Calif., Wednesday, May 21, 2008. Richardson claimed Friday May 23, 2008 that her Sacramento home was sold into foreclosure without her knowledge and contrary to an agreement with her lender. Richardson used her money to finance her campaign and fell behind in mortgage payments. But now, Richardson said, she has renegotiated her loan and promised to fully pay it off, along with $9,000 in delinquent property taxes. (AP Photo/Rich Pedroncelli, File)AP - Rates on 30-year mortgages jumped this week to the highest level since mid-March as investors began to worry about what the Federal Reserve will do to combat growing inflation pressures.


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    Thu, 29 May 2008 15:41:02 GMT - Yahoo! News: Personal Finance News
    BofA picks insider to run mortgage business (AP)
    AP - Bank of America says one of its own executives will run its consumer real-estate business after it acquires mortgage lender Countrywide Financial. -- read full article
    Wed, 28 May 2008 20:01:53 GMT - Yahoo! News: Personal Finance News
    Auction-Rate Securities: Out of Luck (BusinessWeek Online)
    BusinessWeek Online - The auction-rate securities mess is starting to clear up for some investors, but for those who own any of the $85 billion of such debt backed by student loans, the news is bad and getting worse. Sold as rock-solid, highly liquid, cash-equivalent investments, student-loan-backed auction-rate bonds have ended up as one of the worst-performing segments of the market. -- read full article
    Wed, 28 May 2008 12:08:42 GMT - Yahoo! News: Personal Finance News
    Liquidators of Bear Stearns funds lose court appeal (Reuters)

    The Bear Stearns logo is seen at the lobby of the headquarters in New York March 26, 2008. (Shannon Stapleton/Reuters)Reuters - Representatives of two collapsed Bear Stearns Cos Inc hedge funds linked to risky mortgage investments have lost a court appeal seeking to have the funds liquidated in the Cayman Islands instead of in the United States.


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    Wed, 28 May 2008 17:28:16 GMT - Yahoo! News: Personal Finance News
    Many, not all, markets improving: Fed's Stern (Reuters)
    Reuters - Many financial markets have shown signs of improvement after months of turmoil touched off last summer by failing U.S. mortgage loans, Federal Reserve Bank of Minneapolis President Gary Stern said on Wednesday. -- read full article
    Wed, 28 May 2008 17:57:26 GMT - Yahoo! News: Personal Finance News
    Bank of America says Countrywide's Sambol to retire (Reuters)
    Reuters - Bank of America Corp said David Sambol, the Countrywide Financial Corp chief operating officer previously slated to run the companies' combined mortgage operations, will instead retire. -- read full article
    Wed, 28 May 2008 18:20:16 GMT - Yahoo! News: Personal Finance News
    6 Tips for a Clean Credit Record (The Motley Fool)
    The Motley Fool - 1. Pay your bills on time. More than one-third of your credit score -- the most popular being Fair Isaac's FICO score -- is based on your bill-paying habits. Late payments can have brutal consequences, particularly those that are 90 days or more past due. While recent changes to the FICO calculations make isolated incidents a bit less damaging, 90-day late payments can be just as troubling for picky lenders as a bankruptcy filing, a tax lien, a collection, a judgment, or a repossession. -- read full article
    Tue, 27 May 2008 19:34:07 GMT - Yahoo! News: Personal Finance News
    Plenty of 'For Sale' signs but actual sales lagging (AP)

    A Sept. 4, 2007 file  photo shows signs for several existing homes for sale in San Jose, Calif., Tuesday, Sept. 4, 2007.  Realtors reported Friday, May 23, 2008, that existing home sales fell 1 percent in April, the eighth drop in the past nine months, with the median home price falling 8 percent compared with a year ago, the second-biggest drop on record.  (AP Photo/Paul Sakuma/file)AP - Like spring flowers, the "For Sale" signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures.


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    Mon, 26 May 2008 11:37:27 GMT - Yahoo! News: Personal Finance News
    Plenty of 'For Sale' signs but actual sales lagging (AP)

    A Sept. 4, 2007 file  photo shows signs for several existing homes for sale in San Jose, Calif., Tuesday, Sept. 4, 2007.  Realtors reported Friday, May 23, 2008, that existing home sales fell 1 percent in April, the eighth drop in the past nine months, with the median home price falling 8 percent compared with a year ago, the second-biggest drop on record.  (AP Photo/Paul Sakuma/file)AP - Like spring flowers, the "For Sale" signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures.


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    Mon, 26 May 2008 08:47:26 GMT - Yahoo! News: Personal Finance News
    Buffett blames banks for credit crisis (Reuters)

    Warren Buffett listens to a question during a news conference in Madrid May 21, 2008. (Andrea Comas/Reuters)Reuters - Blame for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, U.S. billionaire investor Warren Buffett told newspaper El Pais in an interview published on Sunday.


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    Sun, 25 May 2008 10:21:18 GMT - Yahoo! News: Personal Finance News
    Fannie Mae mortgage commitments soared in April (Reuters)

    The headquarters of mortgage lender Fannie Mae is shown in northwest Washington in this October 3, 2006 file photo. (Jason Reed/Reuters)Reuters - Fannie Mae , the largest provider of financing for U.S. home loans, on Friday said its commitments to buy mortgages soared to $30.7 billion in April.


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    Fri, 23 May 2008 12:21:45 GMT - Yahoo! News: Personal Finance News
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