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NY FED BUYS FANNIE, FREDDIE LOANS - 9 hours ago - The Federal Reserve Bank of New York has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program allows the Fed to spend 500 billion to buy mortgage-backed securities guaranteed by 0133 : New London Day

Sharp drop in small business loans - 4 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

COMMON PLEAS - 3 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 - 3 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

Taiwan moves to save chipmakers - 4 hours ago - The Taiwanese government is moving closer to a 6bn bailout of the country's chipmakers who are suffering from the credit crunch and falling prices for DRAM despite production cuts. There are also rumours that the Taiwanese government could 0133 : Channel Register

Truckers stir to hit economy - 3 hours ago - Recently the country has faced adverse effect of inflation. Hike in prices of petroleum oil has badly hit the world economy. Global slowdown led to decrease in job opportunities. The increase in prices of petrol-diesel had jacked up 0133 : Central Chronicle

Jobless claims dive while mortgage rates ease again - 3 hours ago - WASHINGTON Reuters - U.S. weekly jobless claims plummeted last week but the improvement was probably a seasonal quirk rather than a turning point for the recession-ravaged labor market. Separate reports on Wednesday on business activity 0133 : AOL

Property owners see value of homes falling survey - 31 minutes 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