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New York Fed Starts Buying MBS - 1 day ago - The Federal Reserve Bank of New York today began purchasing fixed-rate mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Selected private investment managers are acting as agents of the New York Fed in these 0133 : StreetInsider.com

US Big Three s market share falls below 50 - 2 hours ago - US auto sales crashed again last month as the industry posted its worst year since 1992 and Detroit s Big Three automakers saw their annual market share slip beneath 50 percent for the first time, industry data showed on Monday. Chrysler 0133 : Taipei Times

Rice U.S. backs Egypt proposal for Gaza cease-fire - 3 hours ago - U.S. Secretary of State Condoleezza Rice said on Tuesday Washington backed a proposal by Egyptian President Hosni Mubarak for a ceasefire between Israel and Hamas in Gaza. We need urgently to conclude a ceasefire that can endure and that 0133 : Haaretz.com

New York Fed starts 500bn home loans aid - 1/4/2009 - 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

Rates are low, but loans difficult to get - 1 day ago - Mortgage rates are at their lowest level in decades, but thousands of Silicon Valley residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the 0133 : San Jose Mercury News

Fed invests in mortgage market - 7 hours ago - NEW YORK - The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program, initially announced Nov. 25, allows the Fed to spend 500 0133 : Cincinnati.com

Blumenthal Bill Targets Foreclosure-Rescue Schemes - 2 hours ago - With foreclosures at record levels in Connecticut, the attorney general on Tuesday proposed legislation aimed at protecting consumers from foreclosure-rescue and other personal finance schemes that promise help for a fee, but don't deliver. 0133 : Hartford Courant

Credit crunch shows little sign of easing - 4 hours ago - Reporter Mark Trumbull discusses how the credit crunch is making it harder but not impossible for everyone from homeowners to large corporations to get a loan. In the aftermath of a historic lending boom, a key challenge for America in 0133 : Christian Science Monitor