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Fed starts program to buy illiquid mortgage assets - 10 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

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 - 55 minutes 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 as worried families make 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

NY begins purchasing mortgage securities - 6 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 : West Online

Agents look for jobs as banks cut back on retail loans - 12/29/2008 - Today, the 37-year-old is looking at other career options. The agency has shut shop and Singh is involved in several legal cases related to cheques issued by his agency that were not honoured. Till banks scaled down retail loan growth, 0133 : Business Standard

40 deposit is now needed for most mortgages - 3 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

N.Y. Fed begins purchasing mortgage securities - 7 hours ago - NEW YORK The Federal Reserve Bank of New York said today 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 : Pioneer Press