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Is Chrysler a lost cause? - 2 hours ago - DETROIT AP - Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors , and analysts say it probably won't survive the year as an 0133 : WTOP Radio

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 2 hours ago - Jan. 7 Bloomberg Private National Mortgage Acceptance Company LLC , an investor in troubled mortgages run by a former president of Countrywide Financial Corp., bought 558 million of home loans that the Federal Deposit Insurance Corp. 0133 : Bloomberg

Jersey Home Loans - 13 hours ago - But it won t be lending to new customers until the markets pick up. In November the company said it would sell the business if politicians didn t let them look after islanders s savings as a way of raising cash for mortgages. Ministers 0133 : Jersey Insight

Columbia profs Incentivize servicers to modify mortgages - 1 hour ago - Three Columbia University professors today tackled one of the thorniest problems of the housing debacle how to increase modifications to soured home loans that have been bundled into mortgage bonds. Troubled mortgages that back securities 0133 : Los Angeles Times Blogs

Late Loan Payments Hit Record High - 3 hours ago - Late payments on consumer loans in last year's third quarter hit the highest level since record-keeping began in 1980, the American Bankers Association said Wednesday. The association said delinquencies rose to a seasonally adjusted 2.9 0133 : WJZ

Homebuilders push housing aid plan - 2 hours ago - WASHINGTON With lawmakers angling to pass an economic recovery package by the middle of next month, desperate homebuilders from around the country flew to Washington to spend today pushing a 150 billion plan to revive the housing market. 0133 : San Jose Mercury News

Is he still talking? Paulson Recommends Nixing Freddie and 0133 - - Treasury Secretary Henry M. Paulson Jr. today called for abolishing Fannie Mae and Freddie Mac and replacing them with highly-regulated utilities that would play a more narrow role in supporting the U.S. housing finance system. In what the 0133 : Washington Post

US Rep Frank outlines limits of further TARP funds - 2 hours ago - WASHINGTON, Jan 7 Reuters - Top U.S. banking executives could see their bonuses curtailed while troubled homeowners could count on getting more direct government aid when Congress authorizes new financial rescue funds, the chairman of the 0133 : Reuters