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NY FED BUYS FANNIE, FREDDIE LOANS - 1 hour ago - The Federal Reserve Bank of New York has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program allows the Fed to spend 500 billion to buy mortgage-backed securities guaranteed by 0133 : New London Day

Buying a 20L home? Check the fine print - 1 hour ago - NEW DELHI BANGALORE A curious game of 20-20 is being played out in the Indian realty sector, thanks to the government s move to prod banks to cut interest rates for housing loans up to Rs 20 lakh. Across the country, real estate companies 0133 : Economic Times

Builders demand more sops to stimulate demand - 1 hour ago - Grappling with shortage of funds in the housing and realty sector, builders on Tuesday sought the Reserve Bank's intervention to prompt banks to reduce margins on their home loans besides ensuring adequate credit flow to the housing 0133 : Hindustan Times

PSU banks fear NPA rise as govt pushes for more loans - 1 hour ago - Finance Secretary Arun Ramanathan On Monday had a meeting with top officials from state-owned banks, including the State Bank of India, to review credit offtake during December 5-19. The government wants us to clear all proposals loans 0133 : Business Standard

5.7bn scramble to pay off home loans Worried families making 0133 - 12/30/2008 - Homeowners are ploughing money back into their properties at a record pace in an attempt to slash their debts, official figures show. An astonishing 5.7billion in mortgage debt was paid off between July and September this year. The mammoth 0133 : Daily Mail

40 deposit is now needed for some mortgages - 55 minutes ago - Lenders are now demanding a deposit of at least 40 for a quarter of all mortgages, new figures show. Around 25 of mortgages are currently only available to people looking to borrow 60 or less of their home s value, according to financial 0133 : Belfast Telegraph

BUSINESS BRIEFS - 4 hours ago - Lions Gate Entertain ment agreed to buy TV Guide Network and TVGuide.com from Macrovision Solutions for 255 million. The deal is expected to close on Feb. 28. It re places a previous pact to sell the properties to an investor group. US 0133 : New York Post

Business Briefcase - 2 hours ago - Winners of the Doors of Topsfield contest in the business category were fist, Fresh Look Designs Tom Capano, 140 Ipswich Road second, Vernon A. Martin Realtors, 5 Main St. third, Beverly National Bank, 15 Main St. Get In Shape For Women, 0133 : Salem News