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US widens help for homeowners - 54 minutes ago - Department of Housing and Urban Development Secretary Steve Preston announced changes that aim to expand participation in the new Hope for Homeowners program. Launched Oct. 1, the program is off to a slow start, with the government 0133 : Cincinnati.com

Mortgage applications drop in week - 23 hours ago - Washington The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 6.2 percent, an industry group said. The Market Composite Index, which measures mortgage loan application volume, fell 6.2 0133 : The Money Times

Newly Hired, Lower-Wage Auto Workers Will Soon Be Out Of Jobs - 1 hour ago - DETROIT - Dow Jones - All 3,000 new, lower-wage factory workers hired by General Motors Corp. GM under last year's labor deal will be out of a job by January, United Auto Workers President Ron Gettelfinger said Thursday. Ford Motor Co. 0133 : CNN Money

UAE shares drop on real estate fears - 1 hour ago - Dubai UAE shares fell on Thursday after mortgage lender Amlak Finance PJSC said it isn't granting new home loans, further undermining investor confidence in the region's real estate market. Amlak dropped as much as 9.3 per cent after the 0133 : Gulf News

Minn. AG wants mandatory mediation in foreclosures - 47 minutes ago - St. Paul, Minn. Minnesota Attorney General Lori Swanson today called for the state to require banks to negotiate with homeowners before foreclosing on properties. Swanson said her office has had some success with voluntary mediation in a 0133 : Minnesota Public Radio

Mortgage rates down - 3rd straight week - 1 hour ago - NEW YORK CNNMoney.com Mortgage rates fell for the third week in a row amid reports of record-high job losses, weak retail sales and a home-construction market in a deep slump. Freddie Mac said 30-year fixed-rate mortgages averaged 0133 : CNN Money

U.S. Bonds Feed On Investor Fears - 32 minutes ago - Investors are running in fear from the stock market as jobless rates continue to climb and terror sets in over worries of a declining commercial real estate market. The new pain would be increasing defaults in the commercial real estate 0133 : Forbes

FDIC's Sheila Bair More 'ammunition' coming to strengthen 0133 - 1 hour ago - Federal Deposit Insurance Corp. Chairman Sheila Bair is an optimist. So she told a group of businesspeople in Baltimore Thursday amid what s widely considered the nation s worst financial crisis since the Great Depression. After Wednesday s 0133 : Wichita Business Journal