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Waverly mortgage company goes from lender to mender
WAVERLY --- When Randy and Julie Lee launched their Open Mortgage franchise, their idea was to fit would-be homeowners with the right deal to get them a house.

Fed starts program of purchases of mortgage securities
The Federal Reserve said Monday it began buying troubled mortgage securities through investment managers, kicking off a program expected to spend up to 500 billion dollars to ease a credit crisis.

Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as efforts by the Federal Reserve and Treasury Department to lower home-loan rates boosted investor demand.

2 NY mortgage firms agree to restitution
Two New York mortgage brokerage firms have agreed to pay $665,000 in restitution after it was found that they charged higher fees to black and Hispanic borrowers.

Non-Agency Mortgage Bonds Rallied as Rates Declined (Update1)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as lower home-loan rates boosted investor demand. Securities initially rated AAA and backed by prime- jumbo mortgages with five years of fixed rates climbed 5 cents on the dollar in December to 75 cents, according to JPMorgan Chase & Co. data.

Cuomo: Firms settle mortgage discrimination charges
Two mortgage brokerages have agreed to pay $665,000 in restitution to settle allegations they charged about 455 black and Latino borrowers higher fees than white borrowers with comparable circumstances, the state attorney general said Monday.

Mortgage foreclosures continue to rise in NH
The number of home mortgage foreclosures has been climbing for several years in New Hampshire, with the last few years showing a dramatic spike.