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QE3 hit by mortgage processing delays
Financial Times The Federal Reserve's attempt to push aid into the heart of the US economy is being blunted by banks struggling to process mortgage applications fast enough, keeping rates on home loans elevated, according to the largest lenders. Bernanke Buoys Big-Bank Stocks Stocks, more than housing, seen as initial QE3 winners Ben Bernanke, Jobless Claims, Prices, and Retail Sales |