Reuters - Bank of America Corp on Thursday said it will stop offering home mortgages through brokers by the end of the year, resulting in a loss of 700 jobs, so that it may focus on lending directly to consumers.

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Time to avoid a subprime future (FT.com)
FT.com - It is easy for the Democrats to portray America’s subprime loan crisis as a massive failure of Reaganomics: small government led to regulatory neglect in the mortgage market - and now 2m American families could be about to lose their homes. Democrats see the subprime crisis as a perfect opportunity to prove the value of government in the lives of ordinary voters, to help dig people out of a hole - even one they may have dug themselves into.

Hartford posts higher net, beats view (Reuters)
Reuters - Hartford Financial Services Group Inc , the fourth-largest U.S. insurer by assets, said on Thursday its third-quarter net income rose 12 percent, helped by growth in its life insurance operations.

Has the mortgage Crisis Finally Peaked? (BusinessWeek Online)
BusinessWeek Online - In recent months, mortgage issues have been a main force hampering home sales but, according to a new report from the National Association of Realtors, mortgage availability is finally improving — even as home sales continue to slide.

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