Later on, around 2 pm, the federal government is announcing with the mortgage industry a new plan to streamline the changing around and modifying of loans held by Freddie Mac and Fannie Mae. Look for more news on the press conference around 2 pm EST.
In other news, Oil has fallen dramatically to just under $59.00 in the US market trading. Currently, the Dow is in in the dumps around 262 points to 8,614.23.
Just a quick news shot for ya! TRADE ON!!!
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