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FDIC Bill May Come Up In US Senate Next Week -Sources – Wall Street Journal

 


Boston Globe

FDIC Bill May Come Up In US Senate Next Week -Sources
Wall Street Journal
Proponents say it will act like a stick, encouraging mortgage lenders to take advantage of government-backed financial incentives to modify loans. Under the legislation, bankruptcy judges would be able to reduce the principal amount of mortgage loans
Washington credit unions support work toward cram down deal Seattle Post Intelligencer
State Credit Union Trade Association Backs Away From NAFCU Stance Mortgageorb
‘Cramdown’ changes remain a CUNA priority RealEstateRama
Housing WireRoll Call (subscription)
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Northern Rock says lending arrears up

 


24dash

Northern Rock says lending arrears up
Reuters
LONDON (Reuters) – Nationalised bank Northern Rock reported a sharp rise in lending arrears in the first three months of 2009, blaming continued difficult conditions in the mortgage and housing markets. Northern Rock said on Thursday accounts more than
Northern Rock enjoys mortgage surge ShareCast
Northern Rock mortgage arrears rise 25% MyFinances.co.uk
UK’s Northern Rock sees substantial loss this year MSN Money
Sunday SunTeleText
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Mortgage Bondholders Form Battle Lines Over Obama Housing Plan – Bloomberg

Mortgage Bondholders Form Battle Lines Over Obama Housing Plan
Bloomberg
More than 30 money managers with stakes in the $6.7 trillion mortgage bond market that underpins the real-estate industry heard Bill Frey's March 25 talk, according to a list of the attendees. Since then, a group of investors with home-loan bonds
Obama Vs. The Mortgage Bondholders The Business Insider
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