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| Treasury Announces Guidelines for Gov't Rescue of Financial Firms |
| The U.S. Treasury announced guidelines for dealing with financial institutions in need of rescue. The details are based on the Nov. 23 decision to loan $5 billion to Citigroup. The Treasury said eligibility for the program will be considered on a case...(a href="http://www.mortgagenewsdaily.com/01022009_treasury_financial_firms.asp"read more/a)img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=41106" width="1" height="1" |
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| Interest Rates Continue Downward Drift |
| Interest rates continued their slow but steady decent during the week ended December 31 according to results of the Primary Mortgage Market Survey released by Freddie Mac Wednesday morning. The 30-year fixed-rate mortgage (FRM) hit yet another historic...(a href="http://www.mortgagenewsdaily.com/12312008_Mortgage_Rates.asp"read more/a)img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=40799" width="1" height="1" |
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| MBA Mortgage Applications Flat in Week Ending Dec. 26 |
| Weekly mortgage applications in the United States were flat in the week ending Dec. 26, according to data released from the Mortgage Bankers#39; Association (MBA) on Wednesday. In the previous week, applications rose by 48.0%. The portion of fixed-rate...(a href="http://www.mortgagenewsdaily.com/12312008_mba_mortgage_applications.asp"read more/a)img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=40700" width="1" height="1" |
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| U.S. Facing Crisis Without All Necessary Tools, Treasury's Paulson Says |
| Treasury Secretary Henry Paulson said the government has had to face the current financial crisis without all the means to do so effectively, the Financial Times reported on Tuesday. quot;We#39;re dealing with something that is really historic and we...(a href="http://www.mortgagenewsdaily.com/12312008_financial_crisis.asp"read more/a)img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=40698" width="1" height="1" |
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| Case-Shiller Home Price Index Declines Annualized 18% in October |
| U.S. house prices in November are down 18.0% compared to a year ago, according to the Samp;P Case-Shiller U.S. home price index, with the 20-city composite index falling to a reading of 158.16. Economists had expected the index to post a year-over-year...(a href="http://www.mortgagenewsdaily.com/12302008_case_shiller.asp"read more/a)img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=40470" width="1" height="1" |
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