Mortgage News - AM Edition - Friday, May 23rd, 2008

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  • Carney says credit crunch easing, worries world unprepared for next crisis
  • Nationwide mortgage lending drops 40%
  • U.S. 30-year mortgage rates fall in latest week
  • Gov't Home Price Index Posts Largest Drop in 17-Year History
  • Countrywide Financial Chairman Angelo Mozilo's e-mail sets off a furor
  • Calif. congresswoman's home threatened with repo

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