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Attorneys general push to ease bankruptcy rules on mortgages - 8 hours ago - Arizona is joining other states asking Congress to liberalize bankruptcy rules so judges can modify home loans to help reduce foreclosures. Arizona Attorney General Terry Goddard has joined the attorneys general from 21 other states in the 0133 : Phoenix Business Journal

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 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 - 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 - 1 hour 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

COMMON PLEAS - 10 hours ago - Chase Home Finance v. Jeffrey C. Watson of East Liverpool foreclosure sought. Countrywide Home Loans v. Daniel and Lori Earich of Salineville, etc foreclosure sought. Bank of New York v. Terri L. Presto of Wellsville, etc foreclosure 0133 : Salem News Online

PSU banks fear NPA rise as govt pushes for more loans - 10 hours 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