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	<title>Finance Space</title>
	<link>http://www.financespace.biz</link>
	<description>Lasted news and useful articles about Finance, Credits, Mortgage, Currency Trading, Debt Consolidation, Insurance, Investing, Loans, Real Estate and Taxes.</description>
	<lastBuildDate>Tue, 09 Mar 2010 13:04:18 +0000</lastBuildDate>
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		<title>Banks Pressed on Second Mortgages</title>
		<description><![CDATA[Pressure is growing on U.S. banks to ease terms for distressed homeowners on home-equity loans and other second-lien mortgages.
Rep. Barney Frank, chairman of the House Financial Services Committee, last week sent a letter to the four biggest U.S. banks demanding &#8220;immediate steps to write down second mortgages.&#8221; 
The Massachusetts Democrat sent the letter to the [...]]]></description>
		<link>http://www.financespace.biz/banks-pressed-on-second-mortgages.html</link>
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		<title>Desperate families turning to credit cards with 60% interest rates</title>
		<description><![CDATA[One million desperate consumers shunned by High Street banks have turned to a sub-prime credit card – charging rates as high as 60 per cent. Credit firm Provident Financial today revealed it was receiving more than 2,700 applications a day for its Vanquis credit card. This card is aimed at borrowers who have a bad [...]]]></description>
		<link>http://www.financespace.biz/desperate-families-turning-to-credit-cards-with-60-interest-rates.html</link>
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		<title>Auto Financing Delinquencies</title>
		<description><![CDATA[TransUnion has shown a decline in auto loan delinquencies in February Report. The customers around 60 days past due on their loans fell about 6% during the fourth quarter to paired with the same period a year earlier. The delinquency rate dropped about .81%. Recently there have been better terms and deals may with the [...]]]></description>
		<link>http://www.financespace.biz/auto-financing-delinquencies.html</link>
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		<title>Use caution in closing credit cards</title>
		<description><![CDATA[Q: I have several cards that I don&#8217;t use, and I worry that I could get hit with inactivity fees and other new fees if card companies look for ways to make money in reaction to the new credit card law. It seems as though it would be better to close the credit-card accounts rather [...]]]></description>
		<link>http://www.financespace.biz/use-caution-in-closing-credit-cards.html</link>
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		<title>Bernanke: Taking Away Fed Bank Supervision &#8216;Grave Mistake&#8217;</title>
		<description><![CDATA[Federal Reserve Chairman Ben Bernanke on Thursday offered one of his most aggressive defenses of the central bank’s role in the future of bank supervision in response to a question from Sen. Richard Shelby (R., Ala.) during an appearance on the Senate Banking Committee.
Here’s his response to a question about why the Fed should be [...]]]></description>
		<link>http://www.financespace.biz/bernanke-taking-away-fed-bank-supervision-grave-mistake.html</link>
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		<title>Fannie, Freddie Post Losses on Tax Credit Writedowns</title>
		<description><![CDATA[Fannie Mae and Freddie Mac, the mortgage-finance companies under government control, are reporting fourth-quarter losses after writing down the value of tax credits and setting aside money for housing-market losses.
Freddie Mac posted a $6.5 billion net loss as it marked down $3.4 billion in low-income housing tax credits that the U.S. Treasury Department barred the [...]]]></description>
		<link>http://www.financespace.biz/fannie-freddie-post-losses-on-tax-credit-writedowns.html</link>
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		<title>CONSUMER FINANCE: Credit Card Offer Terms Have Changed</title>
		<description><![CDATA[For the first time in three years, credit-card issuers are ramping up their mailbox solicitations, but don&#8217;t expect to see your father&#8217;s credit-card appeals. Variable interest rates, higher annual fees and a host of new charges will be hidden in the fine print of these offers.
With new consumer protections in the Credit Card Accountability, Responsibility [...]]]></description>
		<link>http://www.financespace.biz/consumer-finance-credit-card-offer-terms-have-changed.html</link>
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		<title>Wall Street&#8217;s big week ahead</title>
		<description><![CDATA[After a two-week advance, stocks are just shy of crossing into positive territory for 2010, but the week ahead brings hurdles that could challenge the momentum.
&#8220;The economy is in recovery mode, but it doesn&#8217;t feel like it for most people,&#8221; said John Canally, economist at LPL. &#8220;Add to that the issues being debated in Washington, [...]]]></description>
		<link>http://www.financespace.biz/wall-streets-big-week-ahead.html</link>
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		<title>Fed Move May Signal End to Easy Bank Profits</title>
		<description><![CDATA[Federal Reserve to Wall Street: The days of easy money — and, just maybe, easy profits — are numbered, Graham Bowley and Eric Dash report in The New York Times.
News on Thursday that the Fed would raise the interest rate that it charges banks for temporary loans was seen by lenders as a sign that [...]]]></description>
		<link>http://www.financespace.biz/fed-move-may-signal-end-to-easy-bank-profits.html</link>
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		<title>Bad Credit Credit Cards 0% APR &#8211; Save with Low Introductory Rates</title>
		<description><![CDATA[Most credit card companies today offer low or 0% interest rates for the first 6 months and sometimes longer. While this can be a great way to save it can also be dangerous. The motive of the company is to start you out with no interest so that you will build a high balance on [...]]]></description>
		<link>http://www.financespace.biz/bad-credit-credit-cards-0-apr-save-with-low-introductory-rates.html</link>
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