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Fed starts program to buy illiquid mortgage assets - 1 day 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

Chinese banks' mortgage books in good shape-c.bank - 1 day 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

Chrysler sales plunge 53 pct GM, Ford, Toyota, Honda, Nissan 0133 - 1 day ago - DETROIT AP Chrysler LLC 's December U.S. sales plunged by more than half and it sold 30 percent fewer vehicles in 2008, dwarfing the steep declines at the other major automakers as consumers remained uncertain about the economy and 0133 : Chicago Tribune

Rates are low, but loans difficult to get - 1 day ago - Mortgage rates are at their lowest level in decades, but thousands of Silicon Valley residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the 0133 : San Jose Mercury News

Attorneys general push to ease bankruptcy rules on mortgages - 12 hours ago - Arizona is joining other states asking Congress to liberalize bankruptcy rules so judges can modify home loans to help reduce foreclosures. Arizona Attorney General Terry Goddard has joined the attorneys general from 21 other states in the 0133 : Phoenix Business Journal

MAHONING COUNTY - 2 hours ago - Joshua E. Berg, 23, of 4106 New Road, Austintown, and Erica L. Check, 22, of same. Saleh S. Darwish, 32, of 7975 Raglan Drive, Warren, and Nijma S. Awadallah, 23, of 3769 Robert Frost Drive, Austintown. Christopher M. Edwards, 45, of 684 W. 0133 : Vindicator

Economic Stimulus Runs Counter To Common Sense - 59 minutes ago - E xtraordinary times require extraordinary actions, the experts say. That's why President-elect Barack Obama is pushing for tax cuts and government spending. This runs counter to how most of us think, considering that the last thing any of 0133 : Highlands Today

Ex-GlobeTel CFO Now Faces Tax Charges - 2 hours ago - A finance executive already facing civil charges from government regulators is now in deeper trouble, charged with criminal tax evasion. If convicted, Thomas Y. Jimenez, former CFO of GlobeTel Communications Inc., could be sentenced to as 0133 : CFO.com