PRESS DIGEST - Washington Post Business - March 4
WASHINGTON, March 4 (Reuters) - The Washington Post included the following items on the front page of its business section on March 4. Reuters has not verified these stories and does not vouch for their accuracy.
---
The price of crude oil set another inflation-adjusted record on Monday, hitting $103.95 a barrel on the New York Mercantile Exchange before dropping back to $102.45 at the close of regular trading.
---
The U.S. Treasury said that its mortgage-assistance initiative helped 45,000 distressed subprime homeowners get new loans in its first month, but a veteran mortgage banker who helps run the program said many of them may not receive long-term relief and could ultimately face higher total costs.
---
Fannie Mae and Freddie Mac, linchpins of the U.S. mortgage system, promised to crack down on inflated home appraisals, which can take a toll on borrowers, lenders and mortgage investors.
---
