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Financial Stocks: Sallie Mae boosts sector, State Street in focus

0 Comments Published July 1st, 2009 in News.

U.S. financial stocks marginally lower in Monday morning trade, with regulatory issues involving two prominent banking companies in focus.

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« S&P downgrades prime jumbo MBS
SEC may bring civil charges against State Street »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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