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About 12 percent of U.S. homeowners late paying or foreclosed

One of eight U.S. households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday.

1 in 8 U.S. homeowners late paying or in foreclosure

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One of eight U.S. households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday.
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BankUnited sees Miami expansion, no layoffs

Florida-based BankUnited, which was closed by the U.S. government and sold to investors, was conducting business as usual on Friday and there was no sign of panic among customers, its new chief executive said.
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BankUnited sees expansion ahead, no layoffs

Florida-based BankUnited , which was closed by the U.S. government and sold to investors, was conducting business as usual on Friday and there was no sign of panic among customers, its new chief executive said.
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Lowe's profit tops view

Lowe's Cos Inc posted better-than-expected quarterly profit on Monday as it saw some strength in outdoor projects like gardens and lawns in the spring, even as consumers still shunned big home renovations.
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Hunt for Madoff money to drag on for years

Five months after Bernard Madoff's massive fraud was revealed, little of his victims' money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years.
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CPI, production data point to easing recession

U.S. economic data offered more evidence on Friday that the recession's worst phase may be over, with April consumer prices unchanged and industrial output declining at a slower pace than in March.
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U.S. foreclosures jump to record high

U.S. foreclosure activity in April jumped 32 percent from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March, RealtyTrac said on Wednesday.
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Miami Area

Miami is one of the nation’s most well-rounded metropolitan destinations due to its arts scene, shopping, family attractions, and hotspot Miami Beach.
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Greenspan sees

Former Federal Reserve Chairman Alan Greenspan said on Tuesday that
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Natural Gas Weekly Update -May 7

Natural gas spot prices rose this week at almost every market location, with increases generally ranging between 10 and 30 cents per million Btu (MMBtu).
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More than one in five homeowners underwater: Zillow

Home values in the United States extended their fall in the first quarter, with more than one in five homeowners now owing more on their mortgages than their homes are worth, real estate website Zillow.com said on Wednesday.

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