Senate Passes Bill Easing Home Loan Rules
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The Senate passed legislation on Friday that would make more Federal Housing Administration loans available to subprime borrowers facing foreclosure.
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The thousands of Americans facing foreclosure because of the ballooning interest rates on their subprime mortgages would get help from the federal government under legislation overwhelmingly approved by senators Friday.
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The Senate on Friday overwhelmingly passed legislation to expand the nation's largest federal homeownership program in a move that could help struggling subprime borrowers avoid foreclosure.
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Legislation overhauling U.S. college student aid by slashing subsidies to lenders and using the money to boost student assistance by $20 billion was approved by Congress on Friday.
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The chairman of the Senate Banking Committee unveiled legislation on Wednesday that would prohibit mortgage brokers and lenders from steering borrowers to high-cost loans.
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The U.S. Senate voted on Friday to cut federal subsidies to college student loan firms, such as Sallie Mae, by $18.3 billion, redirect savings to student grants and ease some student loan repayment terms.
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Senate passes bill that repeals surcharges, refunds fees collected and excuses outstanding payments.
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The Senate on Friday approved a $286 billion farm bill with an election-year expansion of subsidies for growers and food stamps for the poor.
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An agreement in the Senate appeared within reach on an economic-stimulus program on Thursday.
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The Senate passed a defense policy bill that would offer more help to troops returning from combat and set conditions on contractors and pricey weapons programs.
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Lawmakers approved the measure by a bipartisan 344-51 margin on what might be the last day of their postelection session. Though not in doubt, passage was taking longer in the Senate.
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WASHINGTON -- The Senate cleared the way for an increase in the minimum wage Tuesday, but only with business tax breaks that House Democrats want removed.
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Thanks to relaxed lending standards, in recent years borrowers with bad credit -- such as a bankruptcy or a delinquent loan on their records -- found it relatively easy to get home mortgages.
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The US Department of Housing and Urban Development has finalized a rule that will require the nation&#39;s two largest housing finance companies to increase their purchase of mortgages for low- and moderate-income families and underserved communities.
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A bill to overhaul the nationâs immigration system cleared a crucial test vote today, bolstering its chances for passage by the Senate within days.
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Senate leaders announced an agreement this evening to put a comprehensive immigration bill back on track for further debate and possible passage.
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The bill would allow the Federal Housing Administration to back refinanced loans for tens of thousands of borrowers who are delinquent on mortgage payments.