Fed starts program of purchases of mortgage securities
The Federal Reserve said Monday it began buying troubled mortgage securities through investment managers, kicking off a program expected to spend up to 500 billion dollars to ease a credit crisis.
Read more News Source - AFP via Yahoo! News
Publish date - 16:27:23 01/05/09
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Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as efforts by the Federal Reserve and Treasury Department to lower home-loan rates boosted investor demand.
Read more News Source - Bloomberg
Publish date - 22:55:15 01/05/09

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Apollo Home Mortgage opens Hibbing branch
HIBBING — Surprisingly, given all the negative national press about home foreclosures and a crisis in the home mortgage industry, now is a “very good time to seek a home mortgage,” according to Bobbi Jo Amic, senior loan officer for the new Apollo Home Mortgage Group office recently opened at 2208 First Ave.
Read more News Source - Hibbing Daily Tribune
Publish date - 03:30:27 01/05/09

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Non-Agency Mortgage Bonds Rallied as Rates Declined (Update1)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as lower home-loan rates boosted investor demand. Securities initially rated AAA and backed by prime- jumbo mortgages with five years of fixed rates climbed 5 cents on the dollar in December to 75 cents, according to JPMorgan Chase & Co. data.
Read more News Source - Bloomberg
Publish date - 17:17:37 01/05/09

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Mortgage foreclosures continue to rise in NH
The number of home mortgage foreclosures has been climbing for several years in New Hampshire, with the last few years showing a dramatic spike.
Read more News Source - Boston Globe
Publish date - 17:26:42 01/05/09

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Mortgage rates rock
Santa Fe mortgage brokers and bankers are experiencing a rush of mortgage applications as borrowers react to lower rates by refinancing mortgages and, to a lesser degree, buying new homes.
Read more News Source - Santa Fe New Mexican
Publish date - 06:15:09 01/06/09

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Falling mortgage rates draw interest from local homeowners
LAS CRUCES — For three consecutive weeks, rates on 30-year mortgages have fallen to record lows and people across the nation are taking advantage. Last week the Mortgage Bankers Association reported mortgage applications were at the highest level in more than five years.
Read more News Source - Las Cruces Sun-News
Publish date - 02:15:32 01/06/09

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BOND REPORT: Treasurys Move Higher As Fed Buys Mortgage Bonds
Short-term Treasurys gained Monday, pushing yields down after the Federal Reserve said it had begun buying mortgage-backed securities. Gains were limited and longer-term yields rose, however, due to concern about increasing government-debt issuance starting with $166 billion this week.
Read more News Source - Nasdaq
Publish date - 22:52:43 01/05/09

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Mortgage Modification Warning
Looking to modify your mortgage? Experts are warning you to be careful. Some companies are preying on the vulnerable and making promises they can't always keep. INSIDE: Bill Spencer Tells You What You Should Look...
Read more News Source - WXYZ-TV Detroit
Publish date - 23:26:00 01/05/09

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First Banks takes federal bailout money
Five months after taking a $100 million bailout from the Dierberg family, First Banks is taking another $295 million from the federal bank rescue fund. The bank issued $295 million in preferred stock, paying a 5 percent dividend, to the U.S. Treasury.
Read more News Source - St. Louis Post-Dispatch
Publish date - 06:22:57 01/06/09

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