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No Credit Cards Resources
Home buying up in week, but down 40 percent in year
(Reuters)
Sirius XM Has a Stern Decision to Make (The Motley Fool) The Motley Fool - Satellite-radio star Howard Stern is negotiating in public again. How to Get a Government-Backed, Zero-Down-Payment Mortgage (U.S. News & World Report) U.S. News & World Report - More than four years after real estate values peaked, the historic plunge in home prices remains fresh in the minds of mortgage lenders. After taking painful losses on delinquent home loans, banks have imposed tougher standards--such as increased credit scores and higher down payment requirements--on applicants of all stripes. And as investors fled for the hills, the exotic mortgage products that helped fuel the real estate boom have largely disappeared from the private market. But that doesn't mean all buyers need a big pile of cash to snag a home loan. ... Consumers cut back on credit card use once again (AP) AP - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound. Financial crisis panel tells NV leaders to be bold (AP)
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