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New York Fed Starts Buying MBS - 1 day ago - The Federal Reserve Bank of New York today began purchasing fixed-rate mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Selected private investment managers are acting as agents of the New York Fed in these 0133 : StreetInsider.com

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 : Santa Cruz Sentinel

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

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

Leading Democrat Offers Mortgage Aid Bill - 4 hours 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

Britain set for record-low rates - 30 minutes 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

Marbella s Billionaire Spent Bribes on Tiger-Guarded Stud Farm - 4 hours ago - Jan. 7 Bloomberg As an urban planning adviser in the sun- drenched Spanish resort town of Marbella, Juan Antonio Roca had after- tax income of less than 150,000 euros a year. When he was arrested for corruption in March 2006, police 0133 : Bloomberg

Facts About Refund Anticipation Loans - 1 day ago - SANTA BARBARA, Calif. BUSINESS WIRE With income tax season beginning, many taxpayers are exploring the use of Refund Anticipation Loans RALs as a means to obtain the proceeds from their anticipated income tax refund as quickly as 0133 : Businesswire.com