Stocks Drop After New Loan Aid Plan
Stocks finished lower Tuesday in a rocky session after U.S. government agencies unveiled a major streamlined plan to modify mortgage terms for borrowers at risk of falling behind on payments. Economic worries kept the market under pressure, as investors weighed a fresh batch of mostly weak corporate earnings reports and outlooks against the government's efforts to speed up the process for renegotiating delinquent loans held by Fannie Mae (FNM) and Freddie Mac (FRE).
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