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Fed invests in mortgage market - 3 hours ago - The program, initially announced Nov. 25, allows the Fed to spend 500 billion to buy mortgage-backed securities guaranteed by mortgage giants Fannie Mae and Freddie Mac and another 100 billion to directly purchase mortgages held by 0133 : Cincinnati.com

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

PSU banks fear NPA rise as govt pushes for more loans - 6 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

Leading Democrat Offers Mortgage Aid Bill - 32 minutes ago - The second-ranking Democrat of the U.S. Senate on Tuesday introduced legislation that would let bankruptcy judges erase some mortgage debt in an effort to stem foreclosures. The bill drafted by Sen. Richard Durbin would help millions of 0133 : Post Chronicle

Leading Democrat offers U.S. mortgage aid bill - 2 hours ago - WASHINGTON, Jan 6 Reuters - The second-ranking Democrat of the U.S. Senate on Tuesday introduced legislation that would let bankruptcy judges erase some mortgage debt in an effort to stem foreclosures. The bill drafted by Sen. Richard 0133 : Reuters

Lyondell, U.S. Chemical Maker, Files Bankruptcy Update2 - 1 hour ago - Jan. 6 Bloomberg Lyondell Chemical Co. , an affiliate of LyondellBasell Industries AF SCA, one of the world s largest closely held chemical producers, filed for bankruptcy protection in New York. Lyondell Chemical, based in Houston, 0133 : Bloomberg

Property owners see value of homes falling survey - 3 hours ago - PROPERTY owners are expecting the value of their homes to decline in the next quarter, according to a survey conducted jointly by the Mortgage and Finance Association of Australia and BankWest. About 60 per cent of the 700-plus respondents 0133 : The Australian

Gov't projects 6.5M in bailout costs through Jan. - 1 hour ago - WASHINGTON AP The government estimated Tuesday that it will spend 6.5 million by the end of January in salaries and other administrative costs for the 700 billion financial rescue program. The Treasury Department estimate was part of 0133 : Associated Press