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Mortgage applications up on jump in refinancing (AP)

A condominium is put up for sale in San Francisco, California in this August 14, 2008 file photo. In some U.S. markets, prices appear to have fallen enough to make buying cheaper than renting. Mix that with mortgage rates that are near record lows and renters who want to become buyers are rejoicing.  To match feature USA-ECONOMY/HOUSING     REUTERS/Robert Galbraith/Files (UNITED STATES BUSINESS)AP - Mortgage applications surged last week, coming mostly from borrowers looking to refinance at sharply lower rates after the Federal Reserve unveiled plans to buy Treasury bonds and mortgage-backed securities.


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Asking for Student Loan Forgiveness (BusinessWeek Online)

BusinessWeek Online - In just two short months, Robert Applebaum has become something of a spokesman for a generation of people burdened with student loan debt. Applebaum, a 35-year-old attorney in New York, started a Facebook group in January called "Cancel Student Loan Debt to Stimulate the Economy," fed up with news reports about bank executives spending millions to redecorate their offices and receiving hefty bonuses. "I wanted to rant, so instead of sending an e-mail to a couple of my friends, I decided to start a Facebook group," says Applebaum, who finished law school owing $80,000 in student loans. ...
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U.S. mortgage applications jump; rates at record low (Reuters)

Reuters - U.S. mortgage applications jumped last week as record low interest rates spurred a surge in demand for home refinancing loans, data from an industry group showed on Wednesday.
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Asking for Student Loan Forgiveness (BusinessWeek Online)

BusinessWeek Online - In just two short months, Robert Applebaum has become something of a spokesman for a generation of people burdened with student loan debt. Applebaum, a 35-year-old attorney in New York, started a Facebook group in January called "Cancel Student Loan Debt to Stimulate the Economy," fed up with news reports about bank executives spending millions to redecorate their offices and receiving hefty bonuses. "I wanted to rant, so instead of sending an e-mail to a couple of my friends, I decided to start a Facebook group," says Applebaum, who finished law school owing $80,000 in student loans. ...
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Dow jumps as White House moves on bad bank assets (AP)

The Dow Jones Industrial Average is seen on a digital display at the New York Stock Exchange March 23, 2009. REUTERS/Shannon Stapleton   (UNITED STATES BUSINESS)AP - The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private investors.


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Dow jumps as Obama admin. moves on bad bank assets (AP)

The Dow Jones Industrial Average is seen on a digital display at the New York Stock Exchange March 23, 2009. REUTERS/Shannon Stapleton   (UNITED STATES BUSINESS)AP - The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private investors.


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Sales of preowned homes climb in February (AP)

PMZ Real Estate Agent Michelle Zeiter, left, walks into a bank owned home she is showing to clients Maurice McJimsey, center, and Irene Mello in Stockton, Calif., Friday, March 13, 2009.  The National Association of Realtors said Monday, March 23, sales of existing homes rose from January to February in an unexpected boost for the slumping U.S housing market as buyers took advantage of deep discounts on foreclosures. (AP Photo/Marcio Jose Sanchez)AP - Sales of previously occupied homes in the Western United States climbed in February, as low mortgage rates and cheap foreclosed properties drew in many first-time buyers and investors, according to two reports released Monday.


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H&R Block sees fewer tax returns (AP)

AP - With about a month to go before the April 15 tax filing deadline, H&R Block Inc. says tax preparation numbers are down from a year ago.
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Correction: AIG-Countrywide Lawsuit story (AP)

AP - In a story sent March 19 and March 20 about a unit of American International Group Inc. suing mortgage lender Countrywide Financial Corp., The Associated Press erroneously reported the amount of government money received by AIG. The company received $182.5 billion, not $170 million.
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Credit union victim of soured mortgage market (Reuters)

Reuters - Regulators worked on Saturday to assess troubles at the largest U.S. corporate credit union with the aim of keeping liquidity flowing through the nation's 7,800 credit unions.