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Example Headline of Genre for Date
KB Home Sees Tricky Times Ahead
BusinessWeek Online - KB Home warned investors on Mar. 22 to expect more trouble in 2007. While the pace of order declines at the Los Angeles-based homebuilder has slowed during recent months, KB Home is bracing itself for headwinds such as fallout from the recent meltdown in the mortgage lending industry.
Freddie Mac reports quarterly loss
Reuters - Freddie Mac , the No. 2 U.S.
mortgage finance company, reported a fourth-quarter net loss on
Friday as a decline in long-term interest rates affected the
value of its loan assets.
Subprime crisis seen unlikely to have long impact
Reuters - The New York Federal Reserve president
said on Friday that turbulence in the U.S. market for high-risk
mortgages is unlikely to have a lasting effect on credit
markets, but, in a sign of spreading woes, the subprime
mortgage unit of General Electric Co. laid off more
employees.
Credit markets 'resilent' to subprime jitters
FT.com - Recent problems in the risky subprime mortgage sector did not appear to have spilled over into other parts of the credit markets, Timothy Geithner, president of the Federal Reserve Bank of New York, said on Friday.
Existing home sales rise
AP - Sales of existing homes rose in February by the largest amount in nearly three years, but worsening troubles in subprime mortgages were viewed as a roadblock to a full-fledged rebound.
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