| - No Housing Recovery Without Private Label Mortgage Investors
Despite the lowest interest rate on the 30 year fixed in six months, mortgage applications to purchase a new home fell last week, over 3 percent. In fact, purchase application volume has been falling, on average, for the past four weeks, which is particularly troubling in this, the supposedly busiest season of the year for home buying.
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- Opinion: The White House, GE and Oil Companies
Robert Reich, former U.S. Secretary of Labor and current professor at Berkeley, is mad that this country’s most efficient manufacturing industry made money in the first quarter. He expressed his disgust over the weekend in a piece published at SFGate.com.
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- Auctioning Infamous Items: Why The Madoff Wine Auction Might Turn Sour
If you like offbeat, oddball or funky historical collectibles, today is your day. The U.S. Marshals Service is holding two auctions in an effort to sell the personal belongings of two men with notorious histories, Bernard Madoff and Ted Kaczynski, aka the Unabomber. But how will these items sell?
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Morning Brief
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