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Home Loans News

India home loans growth to slow to 20 pct - Crisil (Reuters via Yahoo! Asia News)
MUMBAI April 25 (Reuters) - Home loans growth in India could slow to 20 percent in 2007/08 from an annual 33 percent in the last three years as steep property prices and higher interest rates begin to pinch rating agency Crisil Ltd. said.

Minorities hit hard by rising costs of subprime loans (USA Today)
Charles Davis bought his home on the South Side of Chicago in 2003 using adjustable-rate high-interest loans and betting an improving economy would help him handle rising payments ahead. Things didn't go as planned.

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