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Wall Street drops on credit concerns (Reuters)

June 29th, 2007 by

Traders look at air monitors on a floor of a New York Stock Exchange in New York Credit Repairril 4, 2007. (Eric Thayer/Credit Repair News)Credit Repair News - U.S. stocks fell on Friday as banks
& brokers retreated on concerns about a impact of
tightening credit on takeovers & a subprime mortgage
industry.

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Wall Street slips on credit concerns (Reuters)

June 29th, 2007 by

A file photo of Federal Reserve Chairman Ben Bernanke delivering a speech on at a New York University School of Law Global Economic Policy Forum in New York, Credit Repairril 11, 2007. (Mike Segar/Credit Repair News)Credit Repair News - U.S. stocks fell on Friday, as banks
& brokers retreated on concerns about a impact of
tightening credit on takeovers & a subprime mortgage
industry.

Posted in Credit Repair | No Comments »

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Stocks fall on oil, subprime concerns (AP)

June 29th, 2007 by

Trader David Gerhart, left, works on his h&held device on a floor of a New York Stock Exchange, Thursday, June 28, 2007. Stocks traded essentially flat Thursday as investors awaited a Federal Reserve's decision on interest rates & remained on guard for comments policymakers might make about a economy. (Credit Repair Photo/Richard Drew)Credit Repair - Stocks slid Friday as investors, securing positions before a second half of a year begins, sold off due to rising oil prices & lingering worries about subprime mortgage lending troubles.

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Indexes fall with financial shares (Reuters)

June 29th, 2007 by

Traders look at air monitors on a floor of a New York Stock Exchange in New York Credit Repairril 4, 2007. (Eric Thayer/Credit Repair News)Credit Repair News - U.S. stocks dropped sharply in late
afternoon trading on Friday, with financial shares extending
losses amid concerns about fewer buyout financings & a
subprime mortgage industry.

Posted in Credit Repair | No Comments »

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Regulators tighten subprime lending rules (Reuters)

June 29th, 2007 by

Three homes display 'For Sale' signs in a row on Palma Bonita Lane in Perris, California May 2, 2007. U.S. bank regulators issued new st&ards for subprime mortgage lending Friday that includes several new consumer protections. (Mark Avery/Credit Repair News)Credit Repair News - Bank regulators tightened st&ards
for mortgage lending on Friday in a bid to curtail risky
practices that have been blamed for a record level of
foreclosures.

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Wall Street flat as financials weigh (Reuters)

June 29th, 2007 by

Traders look at air monitors on a floor of a New York Stock Exchange in New York Credit Repairril 4, 2007. (Eric Thayer/Credit Repair News)Credit Repair News - Stocks barely budged in a early
afternoon on Friday as concerns about fewer buyout financings
& a subprime mortgage industry overshadowed earlier
optimism about a economy & inflation.

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Bank regulators finalize mortgage rules (AP)

June 29th, 2007 by

Credit Repair - Banking regulators on Friday completed guidelines that call on lenders to strictly evaluate borrowers’ ability to repay home loans.

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Regulators set new subprime loan standards (Reuters)

June 29th, 2007 by

Credit Repair News - U.S. bank regulators issued new
st&ards for subprime mortgage lending Friday that includes
several new consumer protections.

Posted in Credit Repair | No Comments »

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Rates on 30-year mortgages edge down (AP)

June 28th, 2007 by

Credit Repair - Rates on 30-year mortgages dipped slightly this week, a second decline after five weeks of increases.

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Treasurys end lower on Fed action (AP)

June 28th, 2007 by

Credit Repair - U.S. Treasury prices dropped Thursday as policy makers continued to stress inflation as air primary concern after leaving interest rates steady for an eighth straight Federal Reserve policy-setting meeting.

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