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Economic Outlook: Blaming bankers
Monday, December 14
NEW YORK, Aug. 25 (UPI) -- Regulators are monitoring television ads for mortgages as the U.S. housing market sours and lenders become more aggressive in courting new customers.
Federal officials and various states are keeping a closer eye on ads promising low payments as the Federal Reserve tightens credit while borrowers fall behind in their payments, The New York Times said Saturday.
Consumer advocates warn advertising can steer borrowers toward increasingly risky loans that offer easy payments early on but balloon sharply down the road.
Internet advertising alone by mortgage companies reached $378 million in the first half of 2007, The Times said, and has topped $3 billion for all media since 2000.
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PALM BEACH, Fla., Dec. 14 (UPI) --
Jeffrey Epstein's penis cannot be examined by lawyers for women who say the billionaire sex offender abused them, a Palm Beach, Fla., judge ruled Monday.
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LOS ANGELES, Dec. 14 (UPI) --
Kourtney Kardashian's publicist says the U.S. reality television personality has given birth to a son she named Mason Dash Disick.
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TOKYO, Dec. 14 (UPI) --
Japanese automaker Toyota Motor Corp. said it would be ready for a large scale release of a plug-in Prius vehicle by 2011.
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