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More states restrict New Century
AP - New Century Financial Corp., the beleaguered home lender to people with weak credit, said Monday it has received cease-and-desist orders from more states, restraining the company from taking new applications for mortgage loans.
Life Insurance: Term vs. Whole
The Motley Fool - Should you buy whole life insurance or term? For most people, term insurance probably makes the most sense. Buy just as much insurance as you need, and only for as long as you need it. With term insurance, you won't be paying anything extra as an "investment." Instead, put the money you save on premiums into better long-term investments -- such as stock market index funds, stocks you've selected on your own, or whatever you're most comfortable with. Your own investments are likely to outperform any investment an insurance company makes for you. ...
Market Overview: Investors regain risk appetite and put subprime fears on back-b
FT.com - Investors appeared to re-discover their appetite for risk on Monday as recent concerns about US subprime mortgage lending were put on the back-burner.
Home builder sentiment erodes in March
Reuters - Deepening problems in the subprime
mortgage sector, which caters to borrowers with weak credit
histories, chipped away at U.S. homebuilder confidence in
March, the National Association of Home Builders said on
Monday.
Top five U.S. subprime lenders asked to testify: Dodd
Reuters - U.S. Senate Banking Committee
Chairman Chris Dodd said on Monday he asked executives at five
big subprime mortgage companies to testify at a Thursday
hearing and explain their lending practices.
Top five subprime lenders asked to testify: Dodd
Reuters - U.S. Senate Banking Committee
Chairman Chris Dodd said on Monday he asked executives at five
big subprime mortgage companies to testify at a Thursday
hearing and explain their lending practices.
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