NEW YORK (AP) — A deal to help head off more mortgage foreclosures pulled Wall Street out of a slump Thursday, giving stocks a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges ...
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WASHINGTON - Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit. The lawmakers aim to attach the plan to ...
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Summary: In his Wall Street Journal column, Karl Rove falsely claimed that Rep. Barney Frank "labeled" President George W. Bush's "proposals" for reform of Fannie Mae and Freddie Mac as "inane." In fact, Frank's remark came in response to Bush's ...
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Jan. 2 (Bloomberg) -- European stocks rose, rebounding from their biggest annual slump on record, as investors speculated governments will step up efforts to revive the global economy and lower oil prices lifted retailers. Rio Tinto Group increased 8 ...
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President-elect Barack Obama sought to move the economic stimulus debate past broad agreement on the outlines, pushing Congress to overcome squabbles or risk a long recession that threatens America's "strength and standing in the world." With ...
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SAN FRANCISCO - The government's purchase of mortgage-backed securities is successfully helping to lower borrowing costs, with the largest US banks starting to offer home loans with fixed interest rates below 5 percent. JPMorgan Chase & Co. is ...
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Long-term home-mortgage rates dropped again this week, with the 30-year fixed-rate mortgage hitting a fourth consecutive low in the history of Freddie Mac's weekly survey. The 30-year mortgage averaged 5.01% for the week ended Jan. 8, down from last ...
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