Wednesday, September 23, 2009

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U.S. home prices rose slightly in July, signaling a stabilizing market, the federal government said Tuesday. But another private home pricing index tells a tale of two Americas: one in housing recovery, and the other still in trouble.
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Bernard Kerik spent his life enforcing the laws, and now the law is blasting him with both barrels.
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Lloyds Banking Group Plc., the largest mortgage banker in Great Britain, announced Monday that it would soon issue nearly $5 billion in bonds backed by residential loans - the first public sale of its kind in more than a year, Bloomberg reported. The megabank, which is based in London, said in a press statement that the average life of the European-backed debt would be five years.
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