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Fed starts program to buy illiquid mortgage assets - 1 day 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

Britain set for record-low rates - 1 hour ago - LONDON - THE Bank of England will on Thursday slash interest rates for a third month running, bringing them to their lowest ever levels as Britain readies to join a growing list of nations officially in recession, analysts said. British 0133 : Straits Times

Gaza war rages on as diplomats seek ceasefire - 2 hours ago - Israeli troops kept up their assault on Hamas fighters in Gaza as diplomats sought to persuade Israel to end an onslaught that has killed at least 660 Palestinians. An air strike killed a Palestinian gunman and wounded three in Gaza City's 0133 : New Straits Times

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

Failed US home loans bank IndyMac sold for 14 billion dollars - 1/3/2009 - By Arun Kumar, Washington, Jan 3 A group of private investors has agreed to buy for nearly 14 billion dollars the collapsed home loans specialist IndyMac Bank, the third-largest bank to fail since the US government began insuring deposits 0133 : New Kerala

Failed US home loans bank IndyMac sold for 14 bn - 1/3/2009 - WASHINGTON A group of private investors has agreed to buy for nearly 14 billion the collapsed home loans specialist IndyMac Bank, the third-largest bank to fail since the US government began insuring deposits in 1934. The group is headed 0133 : Daily News and Analysis

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 - 8 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