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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

Abbas at UN calls for Gaza truce, fresh peace talks - 54 minutes ago - Palestinian President Mahmoud Abbas said Tuesday he supports a proposal by Egyptian President Hosni Mubarak for an immediate truce between Israel and the Palestinians in Hamas-ruled Gaza. Speaking to the UN Security Council, Abbas expressed 0133 : Haaretz.com

Attorneys general push to ease bankruptcy rules on mortgages - 5 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

GMAC to keep making home loans - 12/29/2008 - GMAC'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 market, GMAC spokeswoman Gina 0133 : Minneapolis Star Tribune

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

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 - 1 hour ago - 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 would help millions of 0133 : Post Chronicle