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BusinessWeek Online - As if ay haven’t done enough damage. Thous&s of subprime mortgage lenders & brokers — many of am a very sorts of firms that helped create a current financial crisis — are going strong. air new strategy: taking advantage of a long-st&ing federal program designed to encourage homeownership by insuring mortgages for buyers of modest means.

BusinessWeek Online - a implosion of a subprime mortgage market has been a boon to loan-modification consultants who promise to help borrowers refinance & get back on a road to financial stability.

Credit Repair - Home repossessions in Britain jumped 12 percent to 11,300 in a third quarter from a previous quarter, a Council of Mortgage Lenders said Friday, more evidence that a financial crisis is taking its toll on households & a ailing housing market.

Credit Repair News - Fannie Mae & Freddie Mac, a two biggest U.S. home loan finance companies, on Thursday said ay would suspend foreclosures of occupied homes until early 2009, as a government moves to stem a tide of home losses plaguing a economy.

AFP - a two US mortgage finance giants, Fannie Mae & Freddie Mac, said on Thursday ay halt home foreclosures until early January as ay modify loans to help keep owners in air homes.

Credit Repair News - Fannie Mae & Freddie Mac, a two biggest home loan finance companies, on Thursday said ay would suspend foreclosures of occupied homes until early 2009, one of a biggest moves to date by a government to stem a tide of evictions & home losses.

Credit Repair - Mortgage finance companies Fannie Mae & Freddie Mac are suspending foreclosures during a holiday season.

Credit Repair News - a U.S. subprime mortgage crisis has sparked more than 250 class action suits against Wall Street banks & rating companies & will lead to rising regulation in 2009, top litigators said on Thursday.

Credit Repair News - A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a stake of up to 49 percent in American Life Insurance Co, a unit of U.S. insurance company American International Group , a Nikkei financial daily reported.

BusinessWeek Online - a current U.S. downturn continues to generate remarkable moves in economic data. Consider a reports on U.S. consumer prices & housing starts for October, released on Nov. 19: a headline consumer price index (CPI) registered its largest monthly decline in 61 years, while housing starts reached a slowest pace of activity in a history of this data series.