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Deluge of mortgage interest rate resets ahead
"The ARM resets will hit hard the subprime borrowers and therefore we have a huge amount of trouble ahead of us," said Torsten Slok, senior economist at Deutsche Bank in New York.
Hotels: Occupancy Rate Decreased 0.9% Year-over-year; Weak Summer
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From STR: U.S. hotel results for week ending 16 August
The U.S. hotel industry reported mostly negative year-over-year
comparisons, according to CoStar’s l...
4 hours ago
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