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Mortgage Lenders Files for Ch. 11 
Mortgage Lenders Network USA Inc., which caters to borrowers with weak credit, filed for bankruptcy-court protection Monday, the latest in a string of subprime home-loan providers to be hit by slowing home sales and rising delinquencies.
Source: biz.yahoo.com

HSBC hit by US housing slowdown 
HSBC warns bad debt provisions will be 20% higher than expected after woes at its US mortgage business.
Source: news.bbc.co.uk

More San Diego News 
Those factors have caused an influx in activity. Commercial/multifamily mortgage originations ended the year on a very strong note, with the 4th quarter setting a new record for volume, he added.
Source: www.globest.com

MARKETS-EUROPE-STOCKS (FACTORS) =2 
Europe’s biggest bank said its charge for bad debts would be more than $10.5 billion for 2006, some 20 percent above analysts’ average forecasts, due to problems in its U.S. mortgage book.
Source: asia.news.yahoo.com

Tags: online mortgage broker, mortgage rates, mortgages, mortgage tips

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