From BBC: Asian stocks have fallen after fears about a global economic slowdown were fanned by weak US data. South Korea’s Kospi dropped 6.2%, Japan’s Nikkei 225 fell 2.5% and Australia’s ASX shed 3.5%. Investors are worried global growth is slowing more than first thought, and are concerned that major economies are heading back into [...]

Is it as long the housing market is down the unemployment will remain high? Lot of manufacturing is dependent on housing construction.

Chris George, President of CMG Mortgage and a member of the California Mortgage Bankers Association’s Board of Directors. Chris appears on KSRO 1350 to speak with Curtiss Kim about the impact, particularly in the San Francisco Bay Area, President Obama’s mortgage refinance and foreclosure prevention plan will have on homeowners.

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