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Mortgage application volume hits 2008 low
Updated 3:21 p.m.

NEW YORK -- Mortgage application volume tumbled 14.1 percent during the week ending July 25, hitting its lowest level of the year, according to the Mortgage Bankers Association's weekly application survey....

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Treasury hires Morgan Stanley on Fannie, Freddie
Updated 3:21 p.m.

WASHINGTON -- The Treasury Department said Tuesday it had hired investment firm Morgan Stanley to help the government assess the risks facing mortgage giants Fannie Mae and Freddie Mac....

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