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Fed and other agencies to join U.S. fraud task force (Reuters)

January 6th, 2009 by

Credit Repair News - a U.S. government is beefing up a task force to fight mortgage crimes & safeguard federal financial bailouts, a U.S. Justice Department said on Tuesday.

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Leading Democrat offers mortgage aid bill (Reuters)

January 6th, 2009 by

Credit Repair News - a second-ranking Democrat of a U.S. Senate on Tuesday introduced legislation that would let bankruptcy judges erase some mortgage debt in an effort to stem foreclosures.

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British house prices sink by record amount in 2008 (AP)

January 6th, 2009 by

Credit Repair - House prices in Britain fell by air biggest annual amount in at least 56 years during 2008, as credit seized up & possible buyers stayed out of a market, a leading mortgage lender said Tuesday.

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Madoff scandal, SEC role under scrutiny (AP)

January 6th, 2009 by

Allan Goldstein, a retiree & investor with Bernard L. Madoff Investment Securities, testifies before a House Committee on Financial Services, Monday, Jan. 5, 2009, on CCredit Repairitol Hill in Washington. (Credit Repair Photo/Haraz N. Ghanbari)Credit Repair - Two more months of mortgage payments & retiree Allan Goldstein says he’ll be broke, just anoar victim in what may be a biggest Ponzi scheme in history.

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British house prices fell by record amount in 2008 (AP)

January 6th, 2009 by

Credit Repair - British house prices fell by air biggest annual amount in at least 56 years during 2008 as credit seized up & incentives to enter a market evCredit Repairorated amid sliding home values, a leading mortgage lender said Tuesday.

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Lawmakers set new mortgage bankruptcy bill (Reuters)

January 5th, 2009 by

Credit Repair News - Legislation designed to stem foreclosures by allowing bankruptcy judges to erase some mortgage debt will be introduced by Congressional Democrats on Tuesday, & hopes are high that it will pass after a similar plan failed last year.

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NY Fed begins purchasing mortgage securities (AP)

January 5th, 2009 by

Credit Repair - a Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster a battered housing market.

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Private equity group buying IndyMac assets (Reuters)

January 2nd, 2009 by

A logo on a IndyMac Bank corporate headquarters building is seen in Pasadena, California July 8, 2008. (Danny Moloshok/Credit Repair News)Credit Repair News - a assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity & hedge fund firms, including Dune CCredit Repairital Management & J.C. Flowers & Co, which are putting up $1.3 billion in cash.

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Private equity group buying IndyMac assets: FDIC (Reuters)

January 2nd, 2009 by

A logo on a IndyMac Bank corporate headquarters building is seen in Pasadena, California July 8, 2008. (Danny Moloshok/Credit Repair News)Credit Repair News - A consortium of private equity & hedge fund firms, including Dune CCredit Repairital Management & J.C. Flowers & Co, has agreed to buy a assets of failed mortgage lender IndyMac, a Federal Deposit Insurance Corp said on Friday.

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FDIC says it will sell IndyMac (Reuters)

January 2nd, 2009 by

An IndyMac Bank branch is seen in Glendale, California July 17, 2008. (Phil McCarten/Credit Repair News)Credit Repair News - a Federal Deposit Insurance Corp, in a statement on its Website, says it signed a letter of intent to sell Indymac Federal bank operations to thrift holding company controlled by IMB Management Holdings LP.

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