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Mortgage NewsmortgageDepartment 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 receiving just ... Read moreUS widens help for homeowners - Cincinnati.comWASHINGTON (AP) - Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures during the holiday season. The two companies say they will halt foreclosure sales between Nov. 26th and Jan. 9th, while they evaluate whether ... Read moreFannie Mae and Freddie Mac halting foreclosures - ABC 4Treasury Secretary Henry M. Paulson Jr. defended his decisions on using the $700 billion financial rescue package, arguing that he was forced to repeatedly change directions on using the money by worsening conditions and that the actions taken would ... Read morePaulson Defends Changes to Rescue Package - Washington PostBERLIN, Nov 20 (Reuters) - European Union member states moved closer to agreeing measures to boost the bloc's economy on Thursday despite doubts raised about a 130 billion euro ($163 billion) growth package planned by the European Commission. Germany ... Read moreEU moves towards agreement on growth package - Guardian UnlimitedMOSCOW, Nov 19 (Reuters) - Russia cut its holdings in securities of U.S. agencies Fannie Mae and Freddie Mac to $20.9 billion as of Nov.1 from $65.6 billion at the beginning of 2008, central bank chairman Sergei Ignatyev said on Wednesday Read moreRussia c.bank further cuts Fannie/Freddie holding - ForbesA local congressman is looking for assurance that Eastern Connecticut won’t get shut out of a federal program aimed at helping homeowners avoid foreclosures. U.S. Rep. Joe Courtney, D-2nd District, has scheduled a press conference at 1:30 today in ... Read moreCourtney criticizes Rell's mortgage plan - Record-JournalANZ National Bank and ASB are cutting their floating mortgage rates to 8.7 per cent from 9.45 per cent. The move comes after Westpac this week announced a cut in its variable rate to 8.7 per cent and Kiwibank went a step further with a cut in its ... Read moreMore banks cut mortgage rates - New Zealand HeraldThe move will make home buying more affordable, especially as houses prices are tipped to keep falling. Figures released by economics at Infometrics earlier this week predicted that prices will keep falling for at least the next quarter. Westpac and ... Read moreMajor banks lower mortgage rates - radionzNEW YORK, Nov. 20 -- Another levee in the financial markets is crumbling. Fears about rising default rates and declining property values, which engulfed the home mortgage market at the start of the credit crisis, are spreading to the commercial real ... Read moreCrisis Hits Values of Commercial Mortgages: Investors Leery of Real ... - Washington PostReporting from Washington -- Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. The two companies said Thursday that they would halt foreclosure sales between ... Read more |
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