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Mortgage Applications Rise 10%

MBA Applications have jumped 10% after falling 3% the week before. This could indicate that the selling season is beginning after a late start. Image by Andrew Jameson via Wikimedia Commons. Continue to original source

Bank of America To Settle Probes

The second-largest bank in the United States may find itself paying over $12 billion to settle government probes. Bank of America Corp faces probes over shoddy mortgages prior to the financial crisis. It is reported that at least $5 billion

Household Debt Continues Increase

According to a survey done by the Federal Reserve Bank of New York, American household debt has increased for the third straight quarter. The report on household debt and credit revealed that mortgages have dropped to the lowest level since
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