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Crisis could cost $1trillion

The International Monetary Fund predicts the losses resulting from the global economic crisis could hit nearly $1trillion. Its Global financial stability report suggests that what began as a liquidity crisis is now evolving into a more serious long-term problem.

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TMW pulls all products

The Mortgage Works has pulled its entire product range. Nationwide’s specialist lending arm says it took the decision to avoid climbing the best buy tables.

At last, an effort to resolve the crisis

Although the weather has been topsy-turvy for the past six months, a permanent storm cloud has been hanging over the mortgage market.

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