2007 April | Boost Your Credit

Deutsche files legal claims against New Century (FT.com)

April 30th, 2007 by

FT.com - Deutsche Bank (NYSE:DB) has joined a ranks of creditors & investors filing legal claims against New Century Financial (NYSE:NEW), a bankrupt US subprime mortgage lender.

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Eurozone upswing boosted by new data (FT.com)

April 30th, 2007 by

FT.com - a eurozone's economic upswing is showing few signs of weakness, with inflation falling, mortgage lending cooling & a strongest German order books for 30 years helping keep confidence near a six-year high.

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Subprime lenders made record exceptions: analysts (Reuters)

April 30th, 2007 by

Credit Repair News - Subprime mortgage lenders created a surge
in delinquencies in a past year by repeatedly breaking air
own underwriting guidelines to cCredit Repairture business, analysts said
on Monday.

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(Reuters)

National City profit down 30 pct, mortgages hurt (Reuters)

April 30th, 2007 by

Credit Repair News - National City Corp. , a large
U.S. Midwest regional bank, on Monday said first-quarter profit
fell 30 percent, hurt by pressure in its mortgage operations
& rising credit losses.

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(Reuters)

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(Reuters)

Mortgage approvals fall as demand weakens (FT.com)

April 30th, 2007 by

FT.com - a housing market is showing signs of cooling, but consumers have entered a new tax year in a fairly upbeat mood, reports released on Monday showed.

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National City 1st-qtr profit falls (Reuters)

April 30th, 2007 by

Credit Repair News - National City Corp. , a large
U.S. Midwest regional bank, on Monday said first-quarter profit
fell, hurt by pressure in its mortgage operations.

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(Reuters)

Eurozone data harden rate rise expectations (FT.com)

April 30th, 2007 by

FT.com - a eurozone's 'Goldilocks' recovery - not too hot, not too cold - extended into Credit Repairril, with economic confidence strong, mortgage lending slowing & inflation falling, according to latest data.

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Countrywide CEO gets $43 mln pay, $79 mln gain (Reuters)

April 27th, 2007 by

Credit Repair News - Countrywide Financial Corp.
said on Friday in a regulatory filing that Chief Executive
Angelo Mozilo in 2006 received a $42.98 million of compensation
& had a $78.87 million gain from a exercise of options &
vesting of stock awards, as shares of a largest U.S. mortgage
lender rose 24 percent.

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Congressional probe of student loans widens (Reuters)

April 26th, 2007 by

Credit Repair News - Congressional investigators probing
a $85 billion student loan market pushed into new areas on
Thursday, raising concerns about loan collection tactics &
seeking an inquiry into possible conflicts of interest inside
a U.S. Education Department.

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Senator warns on student-loan collection methods (Reuters)

April 26th, 2007 by

Credit Repair News - a chairman of a U.S. Senate's
education committee said on Thursday he has written to a
heads of two major student lenders over concerns about loan
collection tactics, opening a new line of inquiry in a
fast-exp&ing sc&al in a student loan business.

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