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Borrowers still sinking while Congress launches Titanic reforms (Connecticut Post)

Did you hear financial federal reform is a sinking ship in Washington, D.C.? We didn’t even know the ship had left the dock.

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January 19, 2010 (Idaho State Journal)

The Federal Housing Administration is raising fees and tightening lending standards to shore up its strapped finances and avoid a taxpayer bailout. The government agency has seen its losses rise with the foreclosure rate. Its reserves have sunk below the minimum level required by Congress.

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Prominent black Democrat defends Reid (Las Vegas Sun)

Donna Brazile, one of the Democratic Party’s leading black strategists, did her part Thursday to turn the page on what she called “the apology business,” delivering an impassioned speech to about 400 of Sen. Harry Reid’s black supporters in which she highlighted his long history of civil rights work, his legislation and his pivotal role in shepherding Obama’s agenda though Congress.

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Foreclosure Experts at USHUD.com Caution Consumers of New Pitfalls (PR Newswire via Yahoo! News)

ANNAPOLIS, Md., Jan. 12 /PRNewswire-USNewswire/ — In a move to combat a historical foreclosure crisis, Congress passed legislation the last week of 2009 increasing federal support to Fannie Mae and Freddie Mac, the two largest players in the American mortgage industry.

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Foreclosures will only increase until Congress acts (The Palm Beach Post)

Foreclosures will only increase until Congress acts

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