| Personal Finance Headlines |
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| CIT Group exits home lending businesses
(AP)
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| AP - CIT Group Inc. said Tuesday it will sell its home lending business to Lone Star Funds for $1.5 billion in cash, plus $4.4 billion of assumed debt, in a move to exit the troubled mortgage arena and focus on its commercial finance operations. -- read full article |
| Tue, 01 Jul 2008 11:00:00 GMT - Yahoo! News: Personal Finance News |
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| Real Estate: Making the REIT Picks
(BusinessWeek Online)
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| BusinessWeek Online - After a great run, real estate investments have suffered over the past year, with the average real estate mutual fund down 18%, according to Morningstar. David Lee has managed the $2.5 billion T. Rowe Price Real Estate Fund (NASDAQ:TRREX - News) since it opened in October 1997, so he has seen tough times before. In the two years after the fund started, shares of real estate investment trusts (REITs) lost almost 20%, even as the Standard & Poor's 500-stock index raced ahead 50%. "Even my family was calling up saying they were going to disown me," Lee jokes. -- read full article |
| Tue, 01 Jul 2008 12:08:41 GMT - Yahoo! News: Personal Finance News |
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| CIT shares jump on deal to shed mortgage assets
(Reuters)
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|  Reuters - CIT Group Inc said on Tuesday
it agreed to sell nearly $10 billion of mortgage assets, in a
deal that removes problem loans from the commercial lender's
balance sheet and lifted its shares 14 percent in premarket
trading.
-- read full article |
| Tue, 01 Jul 2008 13:12:54 GMT - Yahoo! News: Personal Finance News |
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| H&R Block swings to 4Q profit
(AP)
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| AP - H&R Block Inc., the nation's largest tax preparer, said Monday it swung to a fourth-quarter profit, helped by a record-setting tax season and the sale of its troubled mortgage arm. -- read full article |
| Mon, 30 Jun 2008 21:36:03 GMT - Yahoo! News: Personal Finance News |
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| Florida sues Countrywide over mortgages
(Reuters)
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|  Reuters - Florida sued mortgage lender Countrywide
Financial Corp on Monday for predatory lending
practices, alleging the company at the center of the U.S.
mortgage crisis made subprime loans to people who could not
repay them.
-- read full article |
| Mon, 30 Jun 2008 23:50:52 GMT - Yahoo! News: Personal Finance News |
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| H&R Block swings to 4Q profit
(AP)
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| AP - H&R Block Inc., the nation's largest tax preparer, said Monday it swung to a fourth-quarter profit, helped by a record-setting tax season and the sale of its troubled mortgage arm. -- read full article |
| Mon, 30 Jun 2008 16:23:35 GMT - Yahoo! News: Personal Finance News |
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| Treasury's Paulson says believes in strong dollar
(Reuters)
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| Reuters - Treasury Secretary Henry Paulson said on
Monday he believes in a strong U.S. dollar and that U.S
officials were working to resolve the country's economic
problems, including regulatory mistakes that led to excesses in
the mortgage and banking sectors. -- read full article |
| Mon, 30 Jun 2008 08:34:53 GMT - Yahoo! News: Personal Finance News |
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| Wall Street extends losses in volatile week
(AP)
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|  AP - Wall Street ended a depressing week with another big loss on Friday, with the Dow Jones industrials falling more than 100 points amid ever-escalating worries about high oil prices and fallout from the credit crisis. The major indexes are all down more than 3 percent for the week.
-- read full article |
| Fri, 27 Jun 2008 22:17:06 GMT - Yahoo! News: Personal Finance News |
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