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Fed invests in mortgage market - 7 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

Britain set for record-low rates - 46 minutes ago - LONDON - THE Bank of England will on Thursday slash interest rates for a third month running, bringing them to their lowest ever levels as Britain readies to join a growing list of nations officially in recession, analysts said. British 0133 : Straits Times

Attorneys general push to ease bankruptcy rules on mortgages - 8 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

Rates are low, but loans difficult to get - 1 day ago - Mortgage rates are at their lowest level in decades, but thousands of Silicon Valley residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the 0133 : San Jose Mercury News

Blumenthal Bill Targets Foreclosure-Rescue Schemes - 1 hour ago - With foreclosures at record levels in Connecticut, the attorney general on Tuesday proposed legislation aimed at protecting consumers from foreclosure-rescue and other personal finance schemes that promise help for a fee, but don't deliver. 0133 : Hartford Courant

Leading Democrat Offers Mortgage Aid Bill - 4 hours 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

Leading Democrat offers U.S. mortgage aid bill - 6 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

Lyondell, U.S. Chemical Maker, Files Bankruptcy Update2 - 5 hours ago - Jan. 6 Bloomberg Lyondell Chemical Co. , an affiliate of LyondellBasell Industries AF SCA, one of the world s largest closely held chemical producers, filed for bankruptcy protection in New York. Lyondell Chemical, based in Houston, 0133 : Bloomberg