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Despite advance warnings of financial crisis, Bush 0133 - 6 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

Battered realtors may get bailout package soon - 41 minutes ago - NEW DELHI The urban development ministry has drafted a bailout package for the real estate industry, which would be shortly sent to the finance ministry for consideration. The ministry has called for relaxation in norms for foreign loans 0133 : Economic Times

Investor Sues to Block Mortgage Modifications - 2 hours 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

'It's a Wonderful Life' Explains the Financial Crisis - 1 hour ago - Frank Capra's perennial Christmas movie It's a Wonderful Life is remembered mainly for celebrating civic and familial virtues. George Bailey sacrifices his dreams for those of others, but in the end receives the greatest rewards of all. 0133 : Huffingtonpost.com

Freddie Mac Expanded Investment in Home Loans - 11/24/2008 - Freddie Mac increased its support for the nation's ailing home loan market in October, in part playing the role the government desired when it seized the mortgage finance giant. The McLean-based company and its bigger sibling, Fannie Mae of 0133 : Washington Post

Falling house prices helping some Whatcom County residents buy 0133 - 5 hours ago - As a global economic storm dominates financial headlines, some Whatcom County residents are still finding affordable ways to borrow money and buy homes as prices moderate. People who were priced out of the market six months to a year ago 0133 : Bellingham Herald

Hedge Fund Manager Hendry Bets on Deflation With U.K. War 0133 - 7 hours ago - Dec. 1 Bloomberg Hugh Hendry , who oversees about 500 million as co-founder of Ecletica Asset Management in London, said he s buying World War I debt on the bet the U.K. is due for its worst round of deflation since the Great 0133 : Bloomberg

Repossession promise by RBS is 'PR stunt' say mortgage experts - 2 hours ago - RBS, which became part-nationalised last week, has announced that it will not start repossession proceedings against any of their customers unless they are at least six months in arrears. While experts have said this will give struggling 0133 : Daily Telegraph