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TPG pulls out of Bradford & Bingley plan (AP)
AP - Bradford & Bingley PLC said Friday it is revising its plans to raise new capital after U.S. private equity fund Texas Pacific Group pulled out of its agreement to invest more than $350 million in the mortgage banker.
Rates on 30-year mortgages drop to 6.35 percent (AP)

A Bank of America branch in Fairfax, Virginia. Shareholders of Countrywide Financial, the largest US mortgage lender at the center of the housing crisis, approved its sale Wednesday to Bank of America, marking the latest shakeup in the troubled sector.(AFP/File/Karen Bleier)AP - Rates on 30-year mortgages, which had been rising for five straight weeks, posted a decline this week as signals from the Federal Reserve eased worries about imminent rate increases.


Housing market seen getting worse (Reuters)

A foreclosed home is seen in Stockton, California in this May 13, 2008 file photo. (Robert Galbraith/Reuters)Reuters - An even gloomier scenario may be in store for an already ailing U.S. housing market if the overall economy slips into a recession, according to UBS Securities analysts.


BofA completes deal for Countrywide Financial (AP)
AP - Bank of America Corp. completed its purchase of Countrywide Financial Corp. Tuesday, making the Charlotte-based bank the nation's leading mortgage originator and servicer.
Gov. pushing plan to help struggling NC homeowners (AP)
AP - Gov. Mike Easley called on state lawmakers Tuesday to make up for the federal government's inaction by approving a measure to help some struggling North Carolina homeowners by giving them more latitude to repay their debt.
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