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Council of Mortgage Lenders: House price predictions are 'futile'  Council of Mortgage Lenders abandons short-term forecasts but agrees with consensus that market is unlikely to recover before 2010

House price drop prediction futile  THE Council of Mortgage Lenders has abandoned attempts to predict house price falls for this year, saying forecasts are ���futile��� in the current market.

House GOP More Positive After Mtg with Bernanke, Paulson  WASHINGTON -Dow Jones- House Republican leaders on Wednesday cited progress in swaying members of their caucus to support a $700 billion plan to buy out troubled mortgage-based assets, but said Republicans lawmakers still must see major modifications to the plan.

McCain's manager got thousands from mortgage giant: report   The lobbying firm owned by John McCain's campaign manager, Rick Davis, accepted half a million dollars from stricken mortgage giant Freddie Mac, reports said Wednesday.

House price predictions 'futile'  Trying to predict the short term course of house prices is "futile" at the moment, says the Council of Mortgage Lenders.

Mortgage lending slump continues  MORTGAGE lending halved during August and the number of loans approved for house purchase slumped to a new record low, figures showed yesterday.

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.

Pricing mortgage-backed securities will be tough  Some things are easy to price. Others, not so much. And that's the $700 billion problem facing the U.S. Treasury: how to value vast amounts of mortgage-backed securities that no one wants to buy.

Mortgage approvals continue to tumble  Fresh UK mortgage approvals for house purchase dropped to yet another record monthly low in August, banking industry figures revealed yesterday, signalling further tumbles in house prices and raising the chance of a near-term cut in benchmark interest rates.

US Rep Frank: House, Senate To Combine Asset-Buyout Bills  WASHINGTON -Dow Jones- House Financial Services Chairman Barney Frank said Tuesday that House and Senate staffs will soon begin cobbling together a unified bill containing a Treasury Department proposal to give the U.S. government authority to buy out troubled mortgage-based assets.

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