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  1. www.observer.com
    Massey Knakal chairman Bob Knakal, in his latest commentary, tackles the almost Zen question of why the housing market has to bottom out before the overall economy can get stronger: Much of the consumer spending that has occurred over the last few years has been stimulated by the massive amounts of mortgage equity withdrawal taken by homeowners who have, essentially, used their homes as ...
  2. www.charlotteobserver.com
    American Community has $3.2 million loss Charlotte-based American Community Bancshares Inc. said Friday that it lost $3.2 million in the third quarter, largely because of a previously disclosed $2.7 million charge from a diminished investment in mortgage giants Freddie Mac and Fannie Mae. The loss compares with a $1.1 million profit a year ago. American Community agreed in September to a $92 ...


   
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