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Porn tycoon Larry Flynt in bid for $US5bn bailout - News.com.au
HUSTLER magazine founder Larry Flynt and another porn mogul are seeking $US5 billion from the US government, saying the limp economy has bitten their industry. Flynt and ``Girls Gone Wild'' video series creator Joe Francis asked the newly convened ...

BOE rate now lowest since bank's creation in 1694 - Business Standard
The bank rate was reduced a half-point to 1.5 per cent, bringing policy makers closer to the point at which they will run out of options to fight the financial crisis with conventional tools. The pound rose against the euro and the dollar because ...

U.S. Treasuries Rise as Obama Warns of Worse Slump, Stocks Fall - Bloomberg
Jan. 8 (Bloomberg) -- Treasuries rose amid a drop in stocks as President-elect Barack Obama said that the U.S. risks sinking deeper into an economic crisis. Ten-year notes gained before the Treasury Department sells $16 billion of the securities ...

Obama: Congress must act boldly and now on economy - Guardian Unlimited
Associated Press Writers= WASHINGTON (AP) — President-elect Barack Obama implored Congress on Thursday to "act boldly and act now" to fix an economy growing perilously weaker. Democratic and Republican lawmakers complained about his tax policies ...

Mortgage Video Gallery - CNBC
Fed purchases $10.2 billion in mortgage-backed securities, with CNBC's Steve Liesman. Rate Cuts Helping Homeowner... The recent interest rate cuts from the Bank of England are starting to feed through to mortgage holders, Nick Self, CEO ... The ...

Stocks end mostly higher after mortgage deal - AOL
NEW YORK -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 alter loans ...

Banks warn Brown as rates hit historic 1.5% - Guardian Unlimited
Mortgage lenders are warning Gordon Brown that his scheme to prevent a surge in home repossessions could stifle new home loan lending despite yesterday's cut in interest rates from the Bank of England to an historic low of 1.5%. The UK's biggest ...

Mortgage Woes Hit Nearly 1 In 10 Latinos - WAPT
WASHINGTON -- Nearly one in 10 Latino homeowners fell behind on mortgage payments last year, and about 3 percent of those surveyed said they had received a foreclosure notice, according to a survey. The Pew Hispanic Center said the figures show that ...

Missouri man pleads guilty in $12.6M mortgage scam - MSN MoneyCentral
KANSAS CITY, Mo. (AP) - A Gladstone, Mo., insurance agent has pleaded guilty to his part in a $12.6 million mortgage fraud scam. Thirty-nine-year-old Ronald E. Brown Jr. pleaded guilty Thursday to a single count of conspiracy and faces up to five ...

Citi backs mortgage relief plan - BBC News
A similar proposal failed to win approval last year amid stiff opposition from Republicans and some Democrats, as well as banking and housing industry lobbyists because of the possible impact on future borrowers. However, with a recession under way ...

Today's Mortgage Terms starting with G

Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.

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