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Fannie Mae CEO defends retention bonuses (AP)

AP - Mortgage giant Fannie Mae's chief executive and a top government regulator warned Friday that canceling bonuses for workers at institutions receiving federal bailout money could undermine efforts to stabilize the U.S. housing market.
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AIG, Countrywide in legal feud over subprime loans (Reuters)

Reuters - An AIG unit and Countrywide Financial Corp, now part of Bank of America Corp , have sued each other, alleging breach of contract, in a dispute over insurance losses for subprime mortgage loans now in default.
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New student loans require payments while in school (AP)

AP - The running joke about student loans: Don't ever graduate, since you don't have to start paying them back until you do.
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FTC to curb mortgage-lending abuse: report (Reuters)

Reuters - The U.S. Federal Trade Commission (FTC) will use new authority to bar lending practices by mortgage brokers who have deceived borrowers, Bloomberg said, citing the FTC's chairman.
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AIG unit sues Countrywide over loan losses (AP)

Hundreds of workers protest in the financial district before marching towards AIG offices Thursday, March 19, 2009, in Chicago. The group said they were protesting the actions of major banks and investment businesses whose behavior before and since the government bailout has weakened the economy with CEO and corporate excess at the expense of broader prosperity. (AP Photo/M. Spencer Green)AP - A unit of embattled insurer American International Group Inc. filed suit against mortgage lender Countrywide Financial Corp. in California federal court Thursday, alleging Countrywide misrepresented the health of loans that the company insured, resulting in massive losses.


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AIG unit sues Countrywide over loan losses (AP)

AP - A unit of embattled insurer American International Group Inc. filed suit against mortgage lender Countrywide Financial Corp. in California federal court Thursday, alleging Countrywide misrepresented the health of loans that the company insured, resulting in massive losses.
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Investors request $4.7 billion in Fed loans (AP)

AP - Investors requested $4.7 billion worth of loans from a new government program that aims to jumpstart lending to consumers and small businesses, the Federal Reserve Bank of New York said Thursday.
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US moving ‘very quickly’ on crisis: Geithner (AFP)

AFP - The United States is moving "very quickly" to remove the troubled home mortgage-based assets clogging the banking system, Treasury Secretary Timothy Geithner said Thursday.


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Fed drives down mortgage rates; inflation may loom (AP)

A sign advertising a 30-year fixed rate mortgage of 4.875% is displayed at the entrance of a Northeast Bank branch office, Thursday, March 19, 2009, in Brunswick, Maine. Action by the Federal ReserveWednesday is helping to drive mortgage rates to historic lows and revive the U.S. housing market. The Fed is planning to buy at least half of the home loans made in the U.S. this year based on last year's total of about $1.4 trillion in mortgages. (AP Photo/Robert F. Bukaty)AP - Mortgage rates tumbled to historic lows Thursday after the Federal Reserve's sudden decision to print $1.2 trillion and pump it into the economy, a move that also triggered warning signs of inflation — a weaker dollar and the highest oil prices of the year.


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Fed expands consumer credit program (AP)

AP - The Federal Reserve is expanding a $1 trillion program aimed at jump-starting consumer and small business lending.