Peer-to-peer lending is when "regular people" form a group to invest and loan their money to other "regular people." You can get a down payment on a house through peer-to-peer lending, but it's tricky.
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Do we really need to spend $700 billion to bail out Wall Street? That's the question which has suddenly emerged with the Bush administration asking for the right to spend such money with virtually no oversight.
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Of all the mortgage ideas developed during the past few years, none tops the option ARM for sheer awfulness. And now the mortgage mess is about to get far worse as millions of option ARMs begin to recast. Not "reset," but recast.
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What's most surprising about Kirk Leipzig is that he is not buying and holding ? as many experts recommend in a down market ? but buying and flipping.
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It's been a rough year for Fannie Mae and Freddie Mac. Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month.
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