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Fed invests in mortgage market - 1 hour ago - The program, initially announced Nov. 25, allows the Fed to spend 500 billion to buy mortgage-backed securities guaranteed by mortgage giants Fannie Mae and Freddie Mac and another 100 billion to directly purchase mortgages held by 0133 : Cincinnati.com

Chile inflation slows as prices plunge in December - 5 hours ago - SANTIAGO, Chile AP - Chilean inflation dipped to 7.1 percent last year as the slowing world economy brought the country's biggest one-month price decline in 42 years in December, the government said Tuesday. Inflation slowed from 7.8 0133 : PR Inside

Attorneys general push to ease bankruptcy rules on mortgages - 2 hours 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

Leading Democrat offers U.S. mortgage aid bill - 32 minutes 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 - 1 hour 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

Cuomo s Settlement Over Allegedly Discriminatory Mortgage Fees - 1 hour ago - A WSJ front-pager from yesterday, entitled Housing Push for Hispanics Spawns Wave of Foreclosures , documents the fated push by low-income housing groups, Hispanic lawmakers and mortgage lenders to increase home ownership for Hispanics. 0133 : Wall Street Journal

Wisconsin Vets See Pet Owners Cutting Back on Care Save Email 0133 - 2 hours ago - MARSHFIELD, Wis. AP Some Wisconsin veterinarians say they've noticed people skipping appointments to save money as the economy worsens. Dr. Teresa Case-Doney of Klondike Kennels and Veterinary Services in Marshfield says postcards sent 0133 : WSAW

GMAC Says ResCap Will Continue to Originate Mortgages 0133 - 12/30/2008 - Dec. 30 Bloomberg GMAC LLC s mortgage-lending unit will continue to make home loans after the company receives a promised 6 billion federal bailout. We will continue to originate mortgage products that can move in the secondary 0133 : Bloomberg