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Principal reductions are few and far between

Mortgage servicers will have a lot of work to do to prepare for the coming wave of principal reductions unleashed by the $26 billion mortgage settlement. That's because they haven't been doing many of...

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Fed: Let's Twist again like we did last summer?

The Federal Reserve's next policy meeting is a two-day session concluding on June 20. That's just ten days before the Fed's Operation Twist policy -- swapping short-term bonds for ones with longer...

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