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March 15, 2007 - In an address to the National Community Reinvestment Coalition, Senator Hillary Rodham Clinton announced an initiative to address the growing crisis facing those holding subprime mortgages.
For more information visit:
www.clinton.senat e.gov.
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The Financial Services Subcommittee on Financial Institutions and Consumer Credit Committee is currently holding a hearing, "The Role of the Secondary Market in Subprime Mortgage Lending." Mr. Michael Calhoun, President and Chief Operating Officer, Center for Responsible Lending, and Ms. Judy Kennedy, Executive Director, National Association of Affordable Housing Lenders, give opening testimony.
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"I'm in debt up to my eyeballs"
This video does not belong to me - I simply ported it from the lending tree website. Please don't ask me for originals or DVDs as I do not possess them. I also do not possess the rights to this commercial so please contact Lending Tree if you want to use this video.
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As the U.S. home foreclosure rate heads higher, some owners say the were forced into loans with higher interest rates, claiming they were victims of predatory loans.
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The Financial Services Subcommittee on Financial Institutions and Consumer Credit Committee is currently holding a hearing, "The Role of the Secondary Market in Subprime Mortgage Lending." Subcommittee Chairwoman Carolyn B. Maloney gives opening remarks.