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• FBI 'probes US mortgage lender' BBC News - Jul 17 3:11 AMFailed US mortgage lender IndyMac Bank is reportedly being investigated by US officials over suspected fraud.



• Administration presses for mortgage giant rescue AP via Yahoo! News - Jul 16 6:14 PM The Bush administration lobbied skeptical lawmakers Wednesday to support a rescue plan for Fannie Mae and Freddie Mac, as lawmakers weighed how to protect taxpayers while still giving the government unfettered power to pour money into the mortgage giants.



• CIT Has Fifth Straight Loss on Mortgage Units' Sale (Update2) Bloomberg.com - 55 minutes agoJuly 17 (Bloomberg) -- CIT Group Inc. , the century-old commercial lender facing about $6.2 billion in debt repayments by the end of the year, posted its fifth straight quarterly loss after losing money on the sale of its mortgage businesses.



• Figures in Both Campaigns Have Deep Ties to Mortgage Giants Washington Post - Jul 16 6:38 PMWhen Fannie Mae and Freddie Mac's stock prices plunged and rumors of their insolvency swirled, the presidential campaigns of Sens. John McCain and Barack Obama released terse statements about the mortgage giants, then went nearly silent.



• Republicans not sold on this mortgage rescue plan Los Angeles Times - Jul 17 12:33 AMSeveral lawmakers see the bailout of Fannie Mae and Freddie Mac as too much government. The White House is working to turn them around. Treasury Secretary Henry M. Paulson, increasingly the point man for the Bush administration as it struggles to steady the economy, made an emergency trip to Capitol Hill on Wednesday seeking to quell a rebellion among conservatives over the plan to shore up ...

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