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Dow Sinks 226 on Mortgage Market Worries
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[QUOTE]Originally posted by glassman: [QB] it's really hard to tell ain't it... more bad news on housing today [b]Top Lender Sees Mortgage Woes for ‘Good’ Risks By VIKAS BAJAJ Published: July 25, 2007 Countrywide Financial, the nation’s largest mortgage lender, said yesterday that more borrowers with good credit were falling behind on their loans and that the housing market might not begin recovering until 2009 because of a decline in house prices that goes beyond anything experienced in decades.[/b] http://www.nytimes.com/2007/07/25/business/25lend.html?hp and it's gonna get alot worse IMO before it gets better... i'm starting to see long lines (and more often) at the "coin counting machines" at the grocery store... that's a real bad sign... we have the "ethanol economy" starting to really kick in at the consumer level. also? i spent some time at a BIG reservoir this month, the number of boaters was way down.. especially waterskiers .. too 'spensive to fill the tank? which is good IMO..i fish... [/QB][/QUOTE]
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