Local Headlines
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Jefferson County has no choice but to find a higher rated company to insure its troubled sewer bonds
May 5, 2008 | via Birmingham News Online
Jefferson County's sewer bond woes continue to worsen. Interest rates on some of the bonds have more than doubled, and the county's payments have risen sharply.
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Bond insurer FGIC downgraded on sewer mess
Apr 1, 2008 | via CNN Money
Sewer mess gets FGIC downgraded The bond insurers are back in the news. Moody's has downgraded the triple-A insurer financial strength rating of FGIC.
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Home sales in region buck trend statewide
Mar 31, 2008 | via Watertown Daily Times
Sales of existing single-family houses in New York declined markedly in February over sales recorded two years ago.
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Alabama, California Auction Failures Spotlight `Dark Side' of Wall Street
Mar 20, 2008 | via Bloomberg
Local governments across the U.S. are learning an expensive lesson from the auction-rate bond market: When Wall Street bankers offer a financing deal that seems too good to be true, it may just be.
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Wisconsin Real Estate Agent Found Dead
Mar 20, 2008 | via Newsday.com
A 71-year-old real estate agent was found dead inside a smoke-filled rural home she had shown to a client earlier in the day.
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Regional Headlines
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Fitch Rates $100MM San Diego County (CA) Ser 2008B 'AA/F1+'
19 hrs ago | via PR-inside.com
The long-term 'AA' rating reflects the county's very low debt burden, sound financial operations, and very strong and effective financial and debt policies, as well as concern over the economic and financial ...
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NYC jury convicts former Haitian paramilitary leader in scheme to cheat mortgage lenders
20 hrs ago | via Newsday.com
A Brooklyn jury found Emmanuel "Toto" Constant guilty on Friday of fraud and grand larceny.
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Irwin shares soar after loan sale
Yesterday | via IBJ.COM
Columbus-based Irwin Financial Corp. shares rose 25 percent this morning, in the first trading session since the company announced late yesterday that it was scaling back its exposure to the battered mortgage ...
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N.Y. jury convicts ex-Haitian strongman of fraud
Yesterday | via Buffalo News
A once-feared Haitian paramilitary leader has been convicted in a New York mortgage fraud scheme to cheat lenders out of $1.7 million.
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National City posts $1.76 billion loss for quarter
Yesterday | via Lansing State Journal
NEW YORK - Regional bank National City Corp. on Thursday reported a $1.76 billion loss for the second quarter, as mortgage loans soured and it took a big charge related to previous acquisitions.
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National Headlines
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U.S. Senate to Vote on Housing Bill
7 min ago | via RedOrbit
The U.S. Senate, meeting in a rare weekend session, was poised Saturday to pass a landmark housing bill meant to ease the effects of mortgage crisis.
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7 min ago | via 102.9 CKDS-FM
U.S. Congress passed a housing rescue bill Saturday aimed at sparing 400,000 struggling homeowners from foreclosure.
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Bill heads to Bush for signature
7 min ago | via WLOS
The Senate has overwhelmingly approved a bill aimed at helping thousands of struggling homeowners fight off foreclosure.
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Federal Regulators Close Two More Banks
8 min ago | via Z 106.7 Jackson
Federal regulators have closed two banks in the West, saying they were undercapitalized due to the poor performance of home mortgage loans.
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Housing rescue bill heads to Bush for signature
8 min ago | via Examiner.com
Jul 26, 2008 10:03 AM By JULIE HIRSCHFELD DAVIS, AP Newly built homes are offered for sale at the Brookville & Heirloom development by Lennar, in Valencia, Calif.
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