FACT: Mortgage companies hired 2,900 full-time workers in September even though all U.S. business trimmed their employment roles by a surprising 284,000 workers.
FACT: Some loan brokers are now engaging in loan modifications to make ends meet
FACT: The usually positive National Association of Realtors struck a decidedly downbeat chord at its annual convention in Orlando, predicting that housing prices would fall this year by the largest percentage since the Great Depression.
FACT: JPMorgan Chase & Co., the nation's third largest mortgage lender, is warning that additional deterioration in the performance of its $117 billion home equity portfolio and $107 billion mortgage portfolio is likely.
FACT: Congress has temporarily increased FDIC deposit insurance from $100,000 to $250,000 per depositor through December 31, 2009.
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