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First Trust/FIDAC Mortgage Income Fund Declares Monthly Common Share Distribution for October of $0.11 Per Share   LISLE, Ill.----First Trust/FIDAC Mortgage Income Fund today declared the Fund's regularly scheduled monthly distribution payable on October 15, 2008 to shareholders of record as of October 3, 2008, with an expected ex-dividend date of October 1, 2008.

Down-payment demands rise as mortgage rates drop  The government takeover of Fannie Mae and Freddie Mac has sent mortgage rates tumbling, but many lenders last week also raised the minimum down payment they'll allow on a loan.

7.5 million spend at least half their income on housing   MIAMI . Al Ray is so strapped for cash, the only time he eats out is Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. Ray lost his engineering job last November, and he has been working as a high school tutor, scratching out about $1,000 a month . if he's lucky. He struggled to make his $1,400 monthly mortgage payment and $330 monthly homeowners' association ...

Mortgage burden becoming crushing for millions in U.S.  More than 7.5 million people �� almost 15 percent of American homeowners with a mortgage �� are spending half of their income or more on housing costs.

4 walls, a roof and a burden  Mortgages are crushing more U.S. homeowners THE ECONOMY MIAMI �� Al Ray is so strapped for cash, the only time he eats out is Wednesday or Sunday, when the local McDonald��s sells hamburgers for 49 cents. Ray lost his engineering job last November, and has been working as a high school tutor, scratching out about $1,000 a month �� if he��s lucky. He struggled to make his $1,400 monthly mortgage ...

Down payment assistance ending for some home buyers  SOUTH BEND �� A big piece of the federal mortgage loan program is ending in October, and it could affect home buyers who need help the most.

Lawmakers agree on mortgage aid, oversight   Scrambling for a quick accord on a bailout lawmakers agreed to include mortgage aid and congressional oversight along with unprecedented help for failing financial institutions.

Mortgage approvals 'at new low'  UK mortgage lending by banks fell to a new low in August, with approvals for house purchases 64% lower than a year ago.

Congress, Bush agree on mortgage aid  WASHINGTON �� Scrambling for a swift deal on the $700 billion bailout for failing financial firms, key Democrats and Bush administration officials agreed Monday to include mortgage help for beleaguered homeowners but wrangled over other issues, including ��golden parachutes�� for executives who benefit from the unprecedented rescue.

UK mortgage lending slumps to record low  Mortgage lending in the UK halved during August and the number of loans approved for house purchase slumped to a new record low, figures showed today.