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Chase: 138k mortgages modified in past 3 months (AP)
AP - Chase said Tuesday it has approved 138,000 trial mortgage modifications for struggling homeowners in the past three months.

AIG to repay $25 billion U.S. debt with unit stakes (Reuters)

Reuters - The federal government has agreed to accept $25 billion of preferred stock in two American International Group Inc businesses as partial repayment of debt, the company said on Thursday.

Protesters demand mortgage help from loan firms (AP)
AP - Protests are planned in more than a dozen cities across the country to demand that a group of mortgage companies who benefited from federal bailout money participate in a government program designed to prevent foreclosures.

U.S. mortgage applications climb from 7-month low (Reuters)

Reuters - U.S. mortgage applications climbed last week from a seven-month low, the Mortgage Bankers Association said on Wednesday, adding to emerging signs that the three-year housing market collapse may be abating.

Administration sends Congress consumer legislation (AP)

AP - President Barack Obama asked Congress on Tuesday to create a new agency to police the fine print on credit card bills and mortgage documents and determine what fees, penalties and interest rates are fair.

U.S. mortgage applications fall to 7-month low (Reuters)

Reuters - U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data from an industry group showed on Wednesday.

AIG to sell consumer finance unit in Colombia (AP)
AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances.

Treasury OKs 3 firms for mortgage relief program (AP)
AP - The Treasury Department said Tuesday that it has approved three more firms for its mortgage relief program.

For modest earners, relief repaying student loans (AP)
AP - Repaying a student loan could soon be a little less painful.

U.S. durable goods jump (Reuters)

Reuters - An unexpected jump in U.S. durable goods orders last month backed hopes the economy was healing, a prospect cautiously supported by the Federal Reserve on Wednesday.