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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.

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.

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 aid, oversight part of deal  The Bush administration and leading lawmakers have agreed to include mortgage aid and strong 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.

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.

Bailout includes mortgage aid  WASHINGTON �� Scrambling for a quick accord on the $700 billion bailout, the Bush administration and leading lawmakers have agreed to include mortgage aid and strong congressional oversight along with unprecedented help for failing financial institutions, a key lawmaker said Monday.

Administration accepts lawmakers' demands for mortgage aid, oversight in $700 billion bailout  Julie Hirschfeld Davis September 22, 2008 - 3:15 p.m. WASHINGTON - A key Democrat negotiating a $700 billion financial bailout says the Bush administration has agreed to include mortgage aid and strong congressional oversight in the plan.

Mortgage companies paid McCain aide as advocate  Several current and former executives of Fannie Mae and Freddie Mac say Senator John McCain's campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants to defend them against stricter regulations.