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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

GMAC to keep making home loans - 12/29/2008 - GMAC's mortgage-lending unit will continue to make home loans after the company receives a promised 6 billion federal bailout. We will continue to originate mortgage products that can move in the secondary market, GMAC spokeswoman Gina 0133 : Minneapolis Star Tribune

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

MAHONING COUNTY - 2 hours ago - Joshua E. Berg, 23, of 4106 New Road, Austintown, and Erica L. Check, 22, of same. Saleh S. Darwish, 32, of 7975 Raglan Drive, Warren, and Nijma S. Awadallah, 23, of 3769 Robert Frost Drive, Austintown. Christopher M. Edwards, 45, of 684 W. 0133 : Vindicator

Economic Stimulus Runs Counter To Common Sense - 1 hour ago - E xtraordinary times require extraordinary actions, the experts say. That's why President-elect Barack Obama is pushing for tax cuts and government spending. This runs counter to how most of us think, considering that the last thing any of 0133 : Highlands Today

Black s Apollo Said to Be Among Lenders in Lyondell Bankruptcy - 2 hours ago - Jan. 7 Bloomberg Apollo Management LP, the private- equity firm led by Leon Black , is among the largest creditors of Lyondell Chemical Co., which filed for bankruptcy protection, according to a person with direct knowledge of the 0133 : Bloomberg

ICICI Bank finally cuts home loan rates - 12/31/2008 - MUMBAI ICICI Bank has finally brought down its interest rates on home loans both for existing as well as new customers by 0.5 . In a statement issued here the bank said that it has effected a reduction of 0.50 in its Floating Reference 0133 : Economic Times

Ex-GlobeTel CFO Now Faces Tax Charges - 2 hours ago - A finance executive already facing civil charges from government regulators is now in deeper trouble, charged with criminal tax evasion. If convicted, Thomas Y. Jimenez, former CFO of GlobeTel Communications Inc., could be sentenced to as 0133 : CFO.com