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Treasury Seeks Authority to Buy $700 Billon in Mortgage Assets   Sept. 20 -- The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets.

White House asks Congress for $700 billion mortgage bailout  The Bush administration on Saturday asked Congress for $700 billion in taxpayer money to get bad mortgage assets off the books of troubled financial institutions in a bid to end the U.S. economy's most serious financial crisis since the Great Depression, according to a draft of proposed legislation circulating in the capital.

Sub-prime mortgage symposium planned  Confused about the sub-prime mortgage crisis? Not sure what a sub-prime mortgage is? The South Carolina Law Review will hold a symposium on sub-prime mortgage problems at USC��s Law School auditorium. The symposium is scheduled for 9 a.m. to 4:45 p.m. Oct. 24. Stephen Schwarcz, a professor at Duke University��s Law School, will deliver the keynote address at 3:30 p.m. Symposium topics will include ...

Mortgage rates fall for fifth straight week  Rates on 30-year mortgages dropped sharply again last week, falling to the lowest level in seven months, as rates continue to decline after the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac. Freddie Mac reported that its...

Stocks rally on plan for mortgage giants  NEW YORK �� Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government��s move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained nearly 300 points.

Southbury couple charged with embezzling $250,000 from mortgage lender  SOUTHBURY �� A wife and husband were charged Thursday with conspiring to embezzle about $250,000 from Northeast Mortgage Corp. on Main Street South, police said.

NewsWatch: Paulson sends mortgage plan to Congress  Treasury Secretary Henry Paulson presents his historic mortgage rescue plan to Congress and the two sides will meet throughout the day on on the details.

Battle may be brewing over $700 billion mortgage bailout request  The Bush administration on Saturday asked Congress for $700 billion in taxpayer money to get bad mortgage assets off the books of troubled financial institutions in a bid to end the U.S. economy's most serious financial crisis since the Great Depression, according to a draft of proposed legislation circulating in the capital. The amount is staggering, and would likely hamper the ability of the ...

ID theft reported by mortgage company  Home mortgage lender Countrywide Financial Corp. has notified some local residents, warning them that their personal information, including Social Security number, allegedly was stolen from its files and may have been sold.

It's my wife who arranges our mortgage, admits George Osborne - the Chancellor in waiting  Shadow Chancellor George Osborne may soon be running Britain's economy - here, he tells the Mail on Sunday why his wife sorts out the mortgage.