Obama to Nationalize Student Lending with Pending Budget Bill – By Matt Cove – CNS News
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Fitch Projects Commercial Real Estate CDO Delinquencies to Double to 25% by Year-end – Delinquencies for U.S. Commercial Real Estate Loan Collateralized Debt Obligations closed out 2009 with a two basis-point increase to 12.3%. – Research Recap
US Credit Card Delinquency Rate Continues to Rise to All-time High of 4.54% – Delinquent balances on U.S. credit cards reached record levels and defaults surged higher in November 2009, according to the latest Credit Card Index results from Fitch Ratings. – Research Recap
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hooray – Banks See a Leveling Off in Bad Consumer Loans – By ANDREW MARTIN – Since the financial crisis hit, banks have chipped away at the mountain of mortgages and credit card debt looming over struggling Americans. At last, those efforts appear to be paying off, at least for the banks. – NY Times
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Credit Card Companies Pulling Back Credit Offers to American Households: Those Zero Percent Offers have now Turned into 30% Offers with Annual Fees. Banks have over $2 Trillion in Excess Reserves yet are unable to Offer a Decent Credit Card Rate. – Posted by mybudget360