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NY FED BUYS FANNIE, FREDDIE LOANS - 10 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

Fed endorse 'big stimulus' to battle recession - 5 hours ago - San Francisco Fed President Janet Yellen said on Sunday at an economics conference in San Francisco that it s worth pulling out all the stops with an economic recovery package. Charles Evans, president of the Chicago Fed, told the same 0133 : Business Standard

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

Attorneys general push to ease bankruptcy rules on mortgages - 1 hour ago - Arizona is joining other states asking Congress to liberalize bankruptcy rules so judges can modify home loans to help reduce foreclosures. Arizona Attorney General Terry Goddard has joined the attorneys general from 21 other states in the 0133 : Phoenix Business Journal

Fed invests in mortgage market - 39 minutes 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

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

Builders seek RBI intervention for more sops - 8 hours ago - At a meeting with the Reserve Bank today here, builders are understood to have demanded 'more measures' from the central bank to provide relief to the cash-starved realty sector through proactive actions from banks. Banks are reluctant to 0133 : Zee News