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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NY Fed begins purchasing mortgage securities
The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.
Read more News Source - AP via Yahoo! News
Publish date - 20:00:52 01/05/09

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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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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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2 NY mortgage firms agree to restitution
Two New York mortgage brokerage firms have agreed to pay $665,000 in restitution after it was found that they charged higher fees to black and Hispanic borrowers.
Read more News Source - AP via Yahoo! Finance
Publish date - 18:55:46 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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NY Fed Begins Buying Mortgage Securities
The Fed will start purchasing mortgage-backed securities from Fannie and Freddie as part of a new plan.
Read more News Source - TheStreet.com
Publish date - 16:36:28 01/05/09

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Cuomo: Firms settle mortgage discrimination charges
Two mortgage brokerages have agreed to pay $665,000 in restitution to settle allegations they charged about 455 black and Latino borrowers higher fees than white borrowers with comparable circumstances, the state attorney general said Monday.
Read more News Source - Newsday
Publish date - 01:20:49 01/06/09

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Fed Begins Buying Mortgage-backed Debt
Fed Begins Buying Mortgage-backed Debt
Read more News Source - Fox News
Publish date - 15:39:20 01/05/09

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