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Wednesday, December 5th, 2007Roadblock To A Subprime Solution
The biggest obstacle to a mortgage bailout plan could be the investors who wound up with the bad debt.
By Les Christie, CNNMoney.com staff writer
December 4 2007: 3:26 PM EST
A sweeping solution to the subprime lending crisis could get snagged by a big sticking point at the end of the mortgage chain.
On [...]
Reuters: Citi Economist Sees Another 100 bps In Fed Rate Cuts
Monday, December 3rd, 2007Citi Economist Sees Another 100 bps In Fed Rate Cuts
by Kevin Lim & Alan Raybould, Reuters c/o Yahoo.com; 12/03/2007.
The Federal Reserve will cut interest rates by 100 basis points before June to help the housing market, Citigroup’s chief economist, Lewis Alexander, said on Monday.
Alexander, who worked at the Fed before joining Citi, also said [...]
Sun-Sentinel.com: Home-Builder Executive Assesses South Florida Market
Monday, November 12th, 2007Home-builder executive assesses South Florida market
By Paul Owers, South Florida, Sun-Sentinel
November 11, 2007
Three years ago, home builders held lotteries to deal with hordes of people, mostly short-term investors, overwhelming their sales centers. Today, with housing markets crashing, builders practically beg for buyers.
“During the boom, you were developing strategies to manage demand,” said Jill DiDonna, a [...]