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UPDATE 2-US FHA chief warns on Congress housing rescue bill | Reuters - News Articles

By Patrick Rucker and Kevin Drawbaugh WASHINGTON, June 9 (Reuters) - A congressional plan to save troubled US homeowners from foreclosure could hurt the economy and affect the government's ability to help deserving homeowners, a senior Bush administration official said on Monday. ...   [click for more]

FT.com / Home UK / UK - Treasury chief defends 'blank cheque' - News Articles

By James Politi in Washington The US government plan to rescue Fannie Mae and Freddie Mac faced scrutiny in Congress yesterday, as uneasy legislators quizzed a panel of senior policymakers on the proposal announced over the weekend. Some lawmakers, mainly Republicans, criticised ...   [click for more]

400 open houses across the county this weekend - MSN Newsfeeds

The FHA loans are stable, good loans," Gorton said. "They're safe loans." Gorton noted that the loan market was tough after many companies went out of business and others were waiting to see what would happen.   [click for more]