UPDATE 1-OFHEO-Fannie, Freddie must avoid some subprime loans

(Reuters) - WASHINGTON, July 13 - The regulator for mortgage
finance companies Fannie Mae and Freddie Mac
said on Friday it had told them not to buy mortgages that do
not conform to consumer protection standards set by bank
supervisors.




The Office of Federal Housing Enterprise Oversight told the
companies to avoid loans that do not meet standards set by bank
regulators in recent notices aimed at curbing dangerous
subprime loans to borrowers with damaged credit.


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UPDATE 2-U.S. housing market slower but still strong-Hubbard

(Reuters) - "Housing has slowed down but the good news is it continues
to be relatively strong," he told reporters at the U.S. embassy
after meetings in Berlin with German Chancellor Angela Merkel
and European Union officials.




"It's been healthy that there's been a slowdown and it's
contributed to what appears to be a soft landing," he said.


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UPDATE 1-Fannie, Freddie had enough capital in Q1, says OFHEO

(Reuters) - WASHINGTON, June 28 - Mortgage finance companies
Fannie Mae and Freddie Mac FRE.N were "adequately
capitalized" during the first quarter of the year, the
companies' regulator said on Thursday.




The Office of Federal Housing Enterprise Oversight said the
both companies achieved the designation, the highest they can
receive concerning its reserves against possible losses, as of
March 31.


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UPDATE 1-Blackstone to buy India back-office firm Intelenet

(Reuters) - The deal could be valued at $200 million, the Economic
Times newspaper said, quoting unnamed sources.




Mumbai-based Intelenet, with 18 centres in India and abroad
and clients in the United States, UK, Australia and India, is
equally owned by British bank Barclays and Indian
mortgage firm Housing Development Finance Corp.
.


Read more at Reuters.com Mergers News