Lawmakers set new mortgage bankruptcy bill
WASHINGTON (Reuters) - Legislation designed to stem foreclosures by allowing bankruptcy judges to erase some mortgage debt will be introduced by Congressional Democrats on Tuesday, and hopes are high that it will pass after a similar plan failed last year.
Read more News Source - Washington Post
Publish date - 05:00:21 01/06/09

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Fed starts program of purchases of mortgage securities
WASHINGTON (AFP) - 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! Canada News
Publish date - 16:41:09 01/05/09

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New York Fed Begins Purchases of Agency Mortgage Debt (Update3)
Jan. 5 (Bloomberg) -- The Federal Reserve Bank of New York started buying mortgage-backed securities today as part of a $500 billion program to support the U.S. housing market.
Read more News Source - Bloomberg
Publish date - 23:39:06 01/05/09

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Madoff scandal, SEC role under scrutiny
WASHINGTON -- Two more months of mortgage payments and retiree Allan Goldstein says he'll be broke, just another victim in what may be the biggest Ponzi scheme in history.
Read more News Source - Washington Post
Publish date - 08:45:56 01/06/09

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Fed starts program to buy illiquid mortgage assets
The Federal Reserve Bank of New York announces it has begun buying illiquid mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac and Ginnie Mae as part of an earlier announced $500 billion program. .
Read more News Source - Market Watch
Publish date - 15:37:38 01/05/09

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(AFX UK Focus) 2009-01-06 00:46 BRIEF-Rep. Frank: Curbing mortgage foreclosures should be No. 1 priority
WASHINGTON, Jan 5 (Reuters) - U.S. Rep. Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, in a CNBC television interview: * Says the Democrats' economic stimulus package "will help improve the quality of life" with better bridges, mass transit, environment in addition to creating jobs. * Says he has been focusing on Treasury Dept's $700 billion TARP ...
Read more News Source - Interactive Investor
Publish date - 01:15:02 01/06/09

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Groups say changes leave loopholes for mortgage lenders
WASHINGTON, D.C. and#8212; The nation's largest organizations of professional real estate appraisers have voiced concerns about the revised Home Valuation Code of Conduct (appraisal code) released by the Federal Housing Finance Agency and Fannie Mae and...
Read more News Source - Portsmouth Herald
Publish date - 11:04:33 01/05/09

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New York Fed starts buying mortgage-backed securities
The move forms part of a $500 billion program to support the U.S. housing market.
Read more News Source - International Herald Tribune
Publish date - 16:28:11 01/05/09

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Analysis: Barack Obama tested by stimulus, scandal
Welcome to Washington, Mr. President-elect.
Read more News Source - AP via Yahoo! News
Publish date - 05:15:50 01/06/09

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Business briefs: 30-year mortgage holds steady
SOUTHWEST FLORIDA
Read more News Source - The Sarasota Herald-Tribune
Publish date - 06:16:55 01/06/09

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