JUST IN - Unemployment benefits extension stalls in Senate
WASHINGTON (MCT) - Under escalating pressure to reduce federal deficit spending, congressional Democrats on Wednesday were forced for the second time in a month to scale back the scope of legislation extending benefits for the long-term unemployed.
75% of modified home loans will redefault
Most borrowers who have had their mortgages modified through a government-sponsored program will redefault within 12 months, according to a report released Wednesday.

Auto Borrowing Associates

 

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