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News, trends and analysis of the mortgage and credit market

Wednesday, September 5, 2007

Mortgage Applications



September 5 2007BusinessWeek.com
Investors today will get an update on home loan applications as the mortgage industry's turmoil continues and the housing market continues to show weakness. The Mortgage Bankers Association is due to report its weekly index of home loan application volume at 7 a.m. EDT. Increasingly, mortgages have gone delinquent and into default this year, especially among so-called subprime borrowers with weak credit.

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