Mortgage News - AM Edition - Wednesday, June 25th, 2008

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  • Financial firms announce deep cuts, may trim 175K jobs in '09
  • Ill. AG to sue Countrywide over lending practices
  • Wachovia officials confirmed that the bank has hired Wall Street giant Goldman Sachs Group.
  • Stocks Drop On Consumer Confidence Report
  • US home prices tumble in April at record rate
  • Mortgage approvals hit record low as loan deals plummet 56% in a year

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