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Fed starts program to buy illiquid mortgage assets - 9 hours ago - WASHINGTON MarketWatch The Federal Reserve Bank of New York on Monday began buying illiquid mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac and Ginnie Mae as part of an earlier announced 500 billion program. The 0133 : Marketwatch

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

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

New York Fed starts 500bn home loans aid - 1 day ago - The Federal Reserve Bank of New York on Monday said it had started its 500bn plan to drive down US mortgage rates by buying securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the government-run mortgage financiers. Mortgage 0133 : Financial Times

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 most mortgages - 2 hours 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

Deposit of 40 for many loans - 3 hours ago - LENDERS are now demanding a deposit of at least 40 per cent for a quarter of all mortgages, figures yesterday revealed. About 25 per cent of mortgages are currently only available to people looking to borrow 60 per cent or less of their 0133 : Scotsman.com

RPT-UPDATE 2-Fed buys MBS in latest unconventional move - 4 hours ago - NEW YORK, Jan 5 Reuters - The U.S. Federal Reserve on Monday kick-started its latest unconventional program to boost the moribund economy, this time taking aim at the heart of the slumping housing market. The Fed plans to buy back as much 0133 : FXStreet.com