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NY Fed begins purchasing mortgage securities - 8 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 : The State

Buying a 20L home? Check the fine print - 3 hours ago - NEW DELHI BANGALORE A curious game of 20-20 is being played out in the Indian realty sector, thanks to the government s move to prod banks to cut interest rates for housing loans up to Rs 20 lakh. Across the country, real estate companies 0133 : Economic Times

New York Fed launches home loans aid - 10 hours ago - The Federal Reserve Bank of New York has started its plan to drive down US mortgage rates by buying securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the government-run financiers. Mortgage bond yields fell 0133 : Financial Times

Chinese banks' mortgage books in good shape-c.bank - 3 hours ago - BEIJING, Jan 6 Reuters - Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, despite a downturn in the real estate market, a central bank official said on Tuesday. Banks had extended 2.95 0133 : FXStreet.com

Sharp drop in small business loans - 9 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

Mortgage advice through email - 1 hour ago - Email Mortgages will help homeowners select the best mortgage available for them, but rather than dealing with customers through the traditional channels of the telephone or face-to-face meetings, it offers its advice through emails. The 0133 : MSN UK News

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

Tuition Ammunition a Happy Lesson on Lending - 3 hours ago - Despite a massive federal effort to aid banks and boost the economy, lending has plunged in the last year. Home-mortgage volume and bank loans to big companies are down dramatically. But the government's response is expanding credit in at 0133 : Wall Street Journal