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Despite advance warnings of financial crisis, Bush 0133 - 5 hours ago - WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably 0133 : New York Daily News

Investor Sues to Block Mortgage Modifications - 1 hour ago - The battle over the mass modifications of troubled mortgages has begun in earnest. On Dec. 1, William Frey, a private investor in mortgage-backed securities, filed an unprecedented lawsuit in U.S. District Court in the Southern District of 0133 : BusinessWeek

Home repair loans available - 5 hours ago - The city of Knoxville now is accepting loan applications for both minor and major home repairs in an effort to improve older housing stock and surrounding property values within the 16-square-mile Empowerment Zone. Qualified homeowners 0133 : Knoxville News Sentinel

Mortgage approvals back at record low - 5 hours ago - The number of mortgages approved for house purchases fell back to a record low in October, despite a fall in interest rates at the start of the month, figures showed today. Lenders approved 32,000 home loans for buyers during the month, the 0133 : Guardian Unlimited

Timeline U.S. Credit Crunch Financial Failures - 3 hours ago - NEW YORK CBS News Wall Street and Main Street have been caught up in credit market turmoil, which began in 2007 with rising defaults on mortgages made to financially shaky borrowers and spread to corporate bonds and other kinds of debt. 0133 : KNx 1070

Despite Recapitalization Efforts by Government, US Banks Still 0133 - 3 hours ago - NEEDHAM, Mass. BUSINESS WIRE As news of the US government s plan of assistance for Citigroup continues to reverberate, new research from TowerGroup analyzes the larger issues facing the recapitalization of the US banking industry. 0133 : Businesswire.com

Mortgage lending sinks as banks continue to hoard cash - 5 hours ago - The official figures from the Bank of England suggest that despite banks being under intense political pressure to start lending to consumers, they approved just 32,000 home loans in October, down from 33,000 in September. This matched 0133 : Daily Telegraph

Mortgage approvals still falling - 5 hours ago - Bank of England figures show that just 32,000 mortgages were approved, 1,000 fewer than in the previous month. The number of mortgages approved, but not yet lent, is a good indicator of medium-term trends in lending. The UK housing market 0133 : BBC News