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Fed starts program to buy illiquid mortgage assets - 14 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. - 1 hour 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

UPDATE 1-Chinese banks' mortgage books in good shape-c.bank - 4 hours ago - BEIJING, Jan 6 Reuters - Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, in spite of a downturn in the real estate market, a central bank official said on Tuesday. Banks had extended 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

Federal Reserve tries to bolster housing market - 1 hour ago - NEW YORK The Federal Reserve Bank of New York said Monday that it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program, initially announced Nov. 25, allows the Fed to spend 500 0133 : Raleigh News & Observer

New York Fed starts 500bn home loans aid - 1 day ago - The Federal Reserve Bank of New York on Monday said it had started its 500bn plan to drive down US mortgage rates by buying securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the government-run mortgage financiers. Mortgage 0133 : Financial Times

Tuition Ammunition a Happy Lesson on Lending - 3 hours 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

Market Live - 3 hours ago - 11 20 am Manoj Housing Finance Company Ltd's board of directors at its meeting on Jan 5 approved for consideration of the members change of name of the company from MANOJ HOUSING FINANCE COMPANY LTD to INDIA HOME LOANS LTD . The 0133 : Economic Times