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Fed starts program to buy illiquid mortgage assets - 14 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

US auto sales plunge whopping 36 percent in Dec. - 1 hour ago - Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007. The bleak numbers, according to 0133 : Columbia Missourian

Sharp drop in small business loans - 10 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

Mortgage advice through email - 2 hours ago - Email Mortgages will help homeowners select the best mortgage available for them, but rather than dealing with customers through the traditional channels of the telephone or face-to-face meetings, it offers its advice through emails. The 0133 : MSN UK News

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

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

40 deposit is now needed for most mortgages - 4 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

NY Fed begins purchasing mortgage securities - 9 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 : The State