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The White House on Friday said it was carefully reviewing a plan by the Federal Deposit Insurance Corp to prevent foreclosures by sharing any losses with mortgage companies that agree to refinance certain home loans.

Bradford and Bingley Bosses Quit
The chairman and deputy chairman of nationalised mortgage bank Bradford and Bingley have quit.

FDIC lays out broad home loan modification plan (Reuters via Yahoo! UK & Ireland News)
The federal agency that insures most U.S. bank deposits unveiled a plan to prevent about 1.5 million home mortgage foreclosures by promising to share any losses with mortgage companies that agree to refinance certain home loans.