Wolseley warns US slump could worsen
Wolseley, the building materials group, gave warning today that the dramatic slowdown in the US housing market could get worse as it revealed that profits in its North American business had tumbled 17 per cent in the past year.
http://tinyurl.com/2ppmmq
From Information Clearing House
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The Subprime Bait and Switch
Alexander Gourse, In These Times, says, "At closing, subprime borrowers are often presented with terms that do not match those previously offered, and then pressured into signing documents they have not had time to review. When the housing market began its rapid ascent in the mid-'90s, many observers waxed rhapsodic about the potential of high-interest, subprime loans to merge the financial interests of investors and low-income and minority communities."
http://www.truthout.org/issues_06/071707LA.shtml
http://freepage.twoday.net/search?q=housing+market
http://tinyurl.com/2ppmmq
From Information Clearing House
--------
The Subprime Bait and Switch
Alexander Gourse, In These Times, says, "At closing, subprime borrowers are often presented with terms that do not match those previously offered, and then pressured into signing documents they have not had time to review. When the housing market began its rapid ascent in the mid-'90s, many observers waxed rhapsodic about the potential of high-interest, subprime loans to merge the financial interests of investors and low-income and minority communities."
http://www.truthout.org/issues_06/071707LA.shtml
http://freepage.twoday.net/search?q=housing+market
rudkla - 17. Jul, 09:59
