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Banks, Investment Firms Borrow Less From Fed

Banks and investment firms reduced borrowing from the Federal Reserve’s emergency lending program over the past week, although demand for the loans remains elevated.
The Fed’s report, released Thursday, shows commercial banks averaged $95.4 billion in daily borrowing over the past week. That was down from nearly $110 billion in average daily borrowing logged over the [...]

Credit Markets See More Gradual Improvements

The government’s efforts to crank open the credit markets have led to some mild improvements in lending rates and Treasury bill yields. But it will probably take months, and perhaps a few years, before lending returns to healthier levels.
It was clear Tuesday that there is still plenty of fear in the lending business — one [...]

5 Mistakes Home Buyers Make

LOOKING FOR A new home? Well, you’re in luck… sort of.
First, the good news: Home prices are falling, giving buyers more negotiating power. Now, the not-so-good news: Lining up financing has become much more difficult as droves of homeowners default on their existing mortgages. This isn’t to say you won’t be able to secure the [...]

These Stocks Are the New Strong Buys

The title to this article is a snowclone. And while many of you don’t know (yet) what a snowclone is, I believe the entertainment value of knowing a little about them almost matches the value of knowing which group of stocks has historically smashed the market’s averages. Before I wander off on my tangent, you [...]