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Housing rescue bill OK'd (Baltimore Sun) Measure bolsters Fannie and Freddie Hundreds of people facing difficulties paying their mortgages wait in line in Washington to receive free financial counseling from the Neighborhood Assistance Corp. of America. The House approved a sweeping plan to provide a federal backstop for struggling mortgage giants Fannie Mae and Freddie Mac and aid to homeowners facing foreclosure.
House approves housing rescue bill for Fannie, Freddie (Baltimore Sun) Measure bolsters Fannie and Freddie The House approved a sweeping plan yesterday that responds to the most serious housing crisis since the Depression by providing a federal backstop for struggling mortgage giants Fannie Mae and Freddie Mac and aid to homeowners facing foreclosure.
House approves mortgage rescue (The Philadelphia Inquirer) WASHINGTON - The House approved a sweeping plan yesterday to ease the most serious housing crisis since the Great Depression by providing aid to homeowners facing foreclosure and a federal backstop for the struggling mortgage giants Fannie Mae and Freddie Mac.
CENTRAL NY BUSINESS NEWS (The Post-Standard) • Power grid closes costly loophole Operators of the New York power grid have closed a profitable loophole that benefited a small number of power traders this year while raising everyone else's electric prices.
Foreclosure rescue could boost housing (Miami Herald) U.S. House leaders Wednesday approved a colossal housing package that allows the federal government to back up to $300 billion in refinanced loans for at-risk borrowers, a measure that could save thousands of South Florida homeowners from foreclosure and help slow the decline in property values.
