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Bank Debt More Risky Than Corporate Bonds, Default Swaps ShowBoston Globe - ... America. "With folks getting resets on adjustable-rate mortgages, it forces many people to decide whether to default on their home loan ... home-improvement ... loan is past due, while home foreclosures can take up to a year. Still, some lenders, like Eastern Bank ... Read more
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The Editorial BoardInvestors Business Daily - Huge losses from home loan finance giants Fannie Mae ( FNM ) and Freddie Mac ( FRE ... It is difficult to imagine economic and financial improvement until a bottom in housing comes into view," wrote Peter Kretzmer, a Bank of America economist, in a ... Read more
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