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NewsWatch: Paulson sends mortgage plan to Congress  Treasury Secretary Henry Paulson presents his historic mortgage rescue plan to Congress and the two sides will meet throughout the day on on the details.

FACTBOX - Key facts on U.S. Treasury's proposed mortgage fund  Reuters - The Bush administration is proposing sweeping authority for the U.S. Treasury to buy up to $700 billion of mortgage assets, in a bid to end financial carnage on Wall Street.

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 bills could rise by hundreds of pounds in wake of banking meltdown  Mortgage bills could rise by hundreds of pounds a year as lenders respond to the chaos. One specialist lender, First National, yesterday raised the cost of new mortgages by as much as 1.6 per cent.

WaMu deal may wait for details of mortgage bailout  A deal for any or all of Washington Mutual could be delayed as potential buyers await the federal plan for a massive mortgage bailout.

Fickle Mortgage Market Demands Quick Decisions  Just about anyone who cares knows that interest rates on a 30-year, fixed-rate mortgage have dropped recently.

ID theft reported by mortgage company  Home mortgage lender Countrywide Financial Corp. has notified some local residents, warning them that their personal information, including Social Security number, allegedly was stolen from its files and may have been sold.

McCain criticizes Obama over mortgage ties  Green Bay - As the nation's fiscal and political leaders worked Friday to avert a mortgage meltdown, Republican presidential nominee John McCain put the heat on Democratic rival Barack Obama during a speech in Green Bay.

New mortgage rules curtail subprimes  The federal government has put its foot down: A lender can't give you a subprime mortgage unless you are able to repay it. And that goes for jumbo mortgages, too -- maybe. ...

Delray Beach mortgage agent guilty of fraud  A Delray Beach mortgage broker pleaded guilty Friday to participating in a wire fraud scheme to misappropriate more than $1.2 million in client funds supposedly held in escrow for real estate transactions and related expenses.