Jul 31, 2010

Vanguard - Weekly update

According to a Vanguard report citing the  Commerce Department's report on gross domestic product (GDP) for the second quarter; it confirmed what many had expected ... Although the economy has grown for the fourth straight quarter, the rate of growth has slowed. Moreover, the nation's recovery from recession has been tougher than previously thought, based on revised GDP figures indicating that the economy from 2007 to 2009 was weaker than originally estimated. 

The mortgage market continues to hobble along. PrivoCorp lost a good sized client to bad lending practices of the past which seems to continue to haunt the entire industry. The ghosts dont seem to be going away any time soon.

For more information on our processing capabilities visit www.privocorp.com

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