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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.

Dodd proposes mortgage rewrites and limits on exec pay  WASHINGTON - Judges could rewrite mortgages to lower bankrupt homeowners' monthly payments as part of congressional Democrats' proposal for a $700 billion financial...

Democrats' bailout plan would let judges rewrite mortgages to lower homeowners' payments  WASHINGTON Judges could rewrite mortgages to lower bankrupt homeowners monthly payments as part of congressional Democrats proposal for a $700 billion financial system bailout. Also, companies that unloaded their bad assets on the government in the massive rescue would have to limit their executives pay packages and agree to revoke any bonuses awarded based on bogus claims, according to a ...

Democrats want pay limits, loan aid in bailout   Judges could rewrite mortgages to lower bankrupt homeowners' monthly payments as part of congressional Democrats' proposal for a $700 billion financial system bailout.

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.

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.

Homeowners scrimp to make payments  More than 4 million in U.S. behind on mortgage

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.

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.

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.