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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.

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 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.

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.

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.

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...

Mortgage aid to be wrapped in bailout plan  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. Democrats demanded that the measure limit pay packages for [...]