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Despite actions, Fed sees downturn lasting (MSNBC)
Federal Reserve officials feared the economy would be stuck in a painful rut for some time despite their decision to slash interest rates to a record low.

Council to Consider Mortgage Lender Lawsuit (The Memphis Daily News)
The Memphis City Council today in its executive session will discuss a resolution approving the city of Memphis' involvement in a joint city-county la....

Reverse mortgage loan: what is it all about? (The Hindu)
Any individual, above 60 years of age or any married couple with either husband or wife above 60 years of age, who are citizens of India, will be eligible senior citizens. Where does a senior citizen go for such a ...

Mortgage rates rock (Santa Fe New Mexican)
Santa Fe mortgage brokers and bankers are experiencing a rush of mortgage applications as borrowers react to lower rates by refinancing mortgages and, to a lesser degree, buying new homes.

IndyMac deal slowed by Fannie mortgage issues: source (Washington Post)
WASHINGTON (Reuters) - The pending sale of failed mortgage lender IndyMac hit a snag as mortgage giant Fannie Mae negotiates with federal regulators over the value of about $1 billion in obligations it believes IndyMac owes it, according to a source familiar with the matter.

General Growth Settles Suit Over California Mall For $48 Mln (Fox News)
General Growth Settles Suit Over California Mall For $48 Mln

Mortgage rates hit 37-year low (The Sandusky Register)
SANDUSKY Homeowners and homebuyers finally received some good news -- the 30-year fixed mortgage rate has sagged to its lowest point in 37 years.

New rules rev-up reverse mortgages (Bankrate.com via Yahoo! Finance)
A new federal housing law raises the ceiling on the amount of money seniors can obtain from a reverse mortgage and lowers the fees charged for the loan.

Celtics Hope To Shake Recent Road Woes In Charlotte (WMTW Auburn)
The Boston Celtics try to reverse their recent road woes this evening when they visit the Charlotte Bobcats at Time Warner Cable Arena.

Fed: Economic woes will last despite radical moves (AP via Yahoo! News)
Even as Federal Reserve officials slashed their key interest rate to a record low and pledged to use other unconventional tools to fight the worst financial crisis since the 1930s, they still feared the economy would be stuck in a painful rut for some time.