Republicans propose housing-finance overhaul bill

Dan Fitzpatrick reports on MoneyBeat. Photo: Getty Images. The bill would create a new utility-like platform for investors to securitize mortgages without a government guarantee while repealing new rules created in the Dodd-Frank financial overhaul bill, which issued new curbs on the mortgage-securitization market. It also proposes restricting access to loans backed by the Federal Housing Administration to first-time buyers and moderate-income borrowers.

Sacked MP finance minister Raghavji in jail block he opened 7 years ago

Officials said Raghavji was lodged in barrack number 10 in B block which is mainly for undertrials and is divided into two parts. In 2006, he had inaugurated the first part with 12 barracks where a plaque bears his name. The octogenarian leader had visited the jail several times in the past as a minister and was present when inmates made a huge solar heater in 2010. During his visits, Raghavji would tell prisoners not to indulge in any unlawful act that could land them in jail in future.

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