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NY begins purchasing mortgage securities - 5 hours ago - The Federal Reserve Bank of New York says it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program, initially announced November 25, allows the Fed to spend US500 billion A702.05 0133 : ninemsn

US auto sales plunge whopping 36 percent in Dec. - 3 hours ago - DETROIT -Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007. The bleak numbers, 0133 : AOL

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

Sharp drop in small business loans - 5 hours ago - CNNMoney.com The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of 0133 : CNN Money

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

Lower Rates Spark Interest In Home Loans - 1/2/2009 - Rates are falling and interest in buying or refinancing homes is rising in the Quad Cities. Quad City realtors say it's a great time to get a deal, With prices down, interest rates low, someone today locked in a 30 year fixed rate of 0133 : KWQC

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