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Written by Editor in Chief
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Tuesday, 27 March 2007 |
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Subprime mortgages are generally defined as mortgage loans to borrowers with lower FICO credit scores. These borrowers are considered to be high risk that they may not be able to repay the loan. |
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Written by Editor in Chief
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Tuesday, 20 March 2007 |
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Confidence among U.S. homebuilders sank in March in data reported on Monday, while shares of subprime lender Accredited Home Lenders Holding Co. (LEND.O) plunged 12 percent for the day after the company said it was in talks about possible financing.
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Written by Editor in Chief
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Monday, 05 February 2007 |
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The housing market has not bottomed out, according to USA Today survey of 55 economists taken Jan. 18-24. Only 9% believed that the housing market bottom was reach at the end of 2006, while 45% said we will see the housing market bottoming out later in 2007. |
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