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Fed starts program to buy illiquid mortgage assets - 15 hours ago - WASHINGTON MarketWatch The Federal Reserve Bank of New York on Monday began buying illiquid mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac and Ginnie Mae as part of an earlier announced 500 billion program. The 0133 : Marketwatch

US auto sales plunge whopping 36 percent in Dec. - 2 hours ago - Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007. The bleak numbers, according to 0133 : Columbia Missourian

Buying a 20L home? Check the fine print - 5 hours ago - NEW DELHI BANGALORE A curious game of 20-20 is being played out in the Indian realty sector, thanks to the government s move to prod banks to cut interest rates for housing loans up to Rs 20 lakh. Across the country, real estate companies 0133 : Economic Times

Chinese banks' mortgage books in good shape-c.bank - 5 hours ago - BEIJING, Jan 6 Reuters - Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, despite a downturn in the real estate market, a central bank official said on Tuesday. Banks had extended 2.95 0133 : FXStreet.com

PSU banks fear NPA rise as govt pushes for more loans - 1 hour ago - Finance Secretary Arun Ramanathan On Monday had a meeting with top officials from state-owned banks, including the State Bank of India, to review credit offtake during December 5-19. The government wants us to clear all proposals loans 0133 : Business Standard

Mortgage advice through email - 4 hours ago - A mortgage firm has been launched offering free advice on home loans to people through email. Email Mortgages will help homeowners select the best mortgage available for them, but rather than dealing with customers through the traditional 0133 : Channel 4 News

Tuition Ammunition a Happy Lesson on Lending - 1 hour ago - Despite a massive federal effort to aid banks and boost the economy, lending has plunged in the last year. Home-mortgage volume and bank loans to big companies are down dramatically. But the government's response is expanding credit in at 0133 : Wall Street Journal

5.7bn scramble to pay off home loans Worried families making 0133 - 12/30/2008 - Homeowners are ploughing money back into their properties at a record pace in an attempt to slash their debts, official figures show. An astonishing 5.7billion in mortgage debt was paid off between July and September this year. The mammoth 0133 : Daily Mail