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Fannie, Freddie ease terms for mortgage refinance
(Reuters)
Reuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.(Wed, 01 Jul 2009 21:57:34 GMT)
AIG to sell consumer finance unit in Colombia
(AP)
AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances.(Wed, 01 Jul 2009 21:10:28 GMT)
Freddie Mac gets another $6.1B from gov't
(AP)
AP - Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.(Wed, 01 Jul 2009 15:32:43 GMT)
U.S. mortgage applications fall to 7-month low
(Reuters)
Reuters - U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data from an industry group showed on Wednesday.(Wed, 01 Jul 2009 13:54:22 GMT)
Thinking of Switching Financial Planners?
(BusinessWeek Online)
BusinessWeek Online - You've got a dirty little secret. During long lunch breaks, or after work when everyone else heads home to their families, you're sneaking out to a secret rendezvous. You know what you're doing is perfectly justified, but you still feel a little bad afterwards. You never thought it would come to this. But here you are -- cheating on your financial planner.(Wed, 01 Jul 2009 12:08:43 GMT)
Fed Holds Rates Steady
(BusinessWeek Online)
BusinessWeek Online - With signs the economy is improving but still fragile, Federal Reserve policymakers held the Fed funds rate steady -- at zero to 0.25% -- on June 24, and maintained its pace of purchases of government debt at mortgage-backed securities.(Wed, 01 Jul 2009 12:08:43 GMT)
Administration sends Congress consumer legislation
(AP)
AP - President Barack Obama asked Congress on Tuesday to create a new agency to police the fine print on credit card bills and mortgage documents and determine what fees, penalties and interest rates are fair.(Tue, 30 Jun 2009 23:29:59 GMT)
Treasury OKs 3 firms for mortgage relief program
(AP)
AP - The Treasury Department said Tuesday that it has approved three more firms for its mortgage relief program.(Tue, 30 Jun 2009 21:11:41 GMT)
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