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Even as Mr. Geithner, in prepared congressional testimony, claims that the economy is "recovering", the MBA announced yet another record number of mortgage delinquencies. At over 14%, the number of American homeowners either in delinquency or in foreclosure was an all-time record in September, representing a ninth straight quarterly increase.
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Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High The Economic Crisis And What Must Be Done. By the time of the interest rate hikes of 1968, the economy was slowing down. Both federal budget and trade deficits were beginning to replace the post-war surpluses. high interest rates were the likely cause.
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Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High RGE Monitor – 2009 U.S. Economic Outlook. Author: RGE Analyst Team January 13th, 2009 Share This Print It is clear that 2008 was a dismal year for the economy and financial markets and it is now official that the current U.S. recession started already.
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MiMutual Mortgage is a privately held Retail and Wholesale non depository mortgage Lender, headquartered in Port Huron, Michigan, licensed and expanding in 30+ states.. Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High.
· A stock or bond market tantrum might stop the Fed in its tracks. But the opposite is happening. The US Treasury 3-month yield rose to 0.94% by late Thursday, the highest since September 2008. It reflects how the market views the Fed’s next action -.
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