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• Merkel offers no aid to Greece; Frank wants banks to drop 'piggyback' mortgages Washington Post - Mar 05 9:00 PM German Chancellor Angela Merkel avoided giving debt-plagued Greece a commitment of financial assistance Friday, as Athens was rattled by more strikes and violent protests by unions outraged by harsh economic austerity measures.
  
  
• Mom, Apple Pie and Mortgages New York Times - Mar 05 1:17 PM New types of housing finance institutions could lead the United States to develop new types of housing.
  
  
• FDIC sells $1.81 billion of notes backed by mortgages Denver Post - Mar 06 12:09 AM The Federal Deposit Insurance Corp. sold $1.81 billion of debt backed by mortgage securities, as it seeks to raise cash after the worst financial crisis since the Great Depression.
  
  
• Fannie, Freddie Ask Banks to Eat Soured Mortgages (Update2) Bloomberg - Mar 05 12:22 PM Thats the estimate of Oppenheimer & Co. analyst Chris Kotowski , who says U.S. banks could suffer losses of $7 billion this year when those loans are returned and get marked down to their true value.
  
  
• New offer entices Canadians to switch their mortgages to CIBC Investment Executive - Mar 05 1:18 PM CIBC is introducing a new mortgage offer designed to help Canadians switch their existing mortgage to CIBC and take advantage of historically low fixed mortgage rates, even if their current mortgage is not yet up for renewal.
  
  

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