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Pledge fails to lift cloud over Fannie, Freddie (Reuters)
Buyers showed no hesitation in bidding on Freddie Mac's $3 billion debt sale on Monday, just hours after the U.S. government pledged support for the nation's top mortgage finance agencies, but the steps failed to stem growing alarm on Wall Street.
yahoo.com

Top Japanese Banks Hold $44.3 Billion in GSE Debt
By Reuters Japan's three megabanks had roughly 4.7 trillion yen (US$44.3 billion) in debt securities issued by top U.S. mortgage finance agencies as of the end of March, while major insurance firms' e...
India Gazette

What if my bank fails? Some questions and answers (AP)
The government's seizure of IndyMac Bank raises concerns for many consumers about whether their banks might be next. While it is unlikely the nation will see thousands of banks fail as they did during the savings and loan industry collapse in the late 1980s and early '90s, analysts predict there will be more battered financial institutions that are unable to survive in today's marketplace.
yahoo.com

Cloud remains over Fannie and Freddie
BUYERS flocked to Freddie Mac's $US3 billion ($3.1 billion) debt sale yesterday, just hours after the US government pledged support for the nation's top mortgage finance agencies, but the steps failed to stem growing alarm on Wall Street.
News.com

IndyMac Halts Foreclosures
IndyMac reopened under federal supervision and halted all foreclosures on bank-owned loans in its portfolio.
Real Estate Journal

Fed`s war against shady home loans
The Federal Reserve unanimously approved new mortgage lending rules Monday in a crackdown on shady practices - particularly those involving subprime loans made to borrowers with weak credit.
CNN

Fed acts to stamp out deceptive mortgage practices (Reuters)
The Federal Reserve Board on Monday approved new rules to ban misleading and deceptive practices in mortgage lending, including prepayment penalties for many subprime loans.
yahoo.com

Low-doc deal for Macquarie unit
PUMA, a securitisation unit of Macquarie Group, has priced a $700 million residential mortgage-backed deal supported by low-documentation loans.
The Australian

Allco gets new debt deal with banks
ALLCO Finance Group said today it has reached agreement with its banking syndicate on the terms of a new senior debt facility.
The Australian

Rescue Plan Not Enough to Lift Fannie, Freddie Shares
Government efforts to support mortgage giants Fannie Mae and Freddie Mac drew a tepid response from investors today after last week's steep collapse, but bond investors showed faith in a new Freddie debt issue.
The Washington Post

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