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REIT shares lose ground after General Growth, Kimco earnings (Market Watch) Troubled real estate investment trust General Growth Properties Inc. reports a wider quarterly loss and says it’s still exploring ways to raise capital.
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Mortgage business interest by small banks a good omen (BizJournals) While some saw the housing bubble growing to unsustainable heights, no one could have predicted that the only regional bank based in Memphis, First Tennessee, would not only slide like it has, but eventually sell its mortgage business.
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