Digest: Stocks Rally

Birmingham Post › March 16, 2007

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Summary

Stock markets worldwide yesterday staged a strong recovery after losing ground earlier in the week on fears that US mortgage lenders were being dragged down by so-called liars' loans.

These are self-certification mortgages whose declaration of earnings are taken at face value and very often highly exaggerated.

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Extract

Digest: Stocks Rally

Delinquent loans hav...

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