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Fed invests in mortgage market - 4 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

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

COMMON PLEAS - 7 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

Credit crunch shows little sign of easing - 1 hour ago - Reporter Mark Trumbull discusses how the credit crunch is making it harder but not impossible for everyone from homeowners to large corporations to get a loan. In the aftermath of a historic lending boom, a key challenge for America in 0133 : Christian Science Monitor

Leading Democrat offers mortgage aid bill - 2 hours ago - WASHINGTON 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 Durbin 0133 : Reuters

FDIC Will Eat the Losses on Some Bad IndyMac Loans - 1/3/2009 - WASHINGTON AP A seven-member group of investors has agreed to buy the remnants of failed lender IndyMac Bank, a symbol of the housing boom and bust, for 13.9 billion. Pasadena-based IndyMac, which specialized in loans made with little 0133 : KNx 1070

Leading Democrat offers U.S. mortgage aid bill - 3 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

Property owners see value of homes falling survey - 4 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