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Fed invests in mortgage market - 4 hours 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

Attorneys general push to ease bankruptcy rules on mortgages - 6 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

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

Failed US home loans bank IndyMac sold for 14 bn - 1/3/2009 - WASHINGTON A group of private investors has agreed to buy for nearly 14 billion the collapsed home loans specialist IndyMac Bank, the third-largest bank to fail since the US government began insuring deposits in 1934. The group is headed 0133 : Daily News and Analysis

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

PSU banks fear NPA rise as govt pushes for more loans - 7 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

Leading Democrat offers mortgage aid bill - 3 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

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