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Subprime lender Cattles cuts jobs and costs - 1 hour ago - Subprime lender Cattles PLC said Wednesday it plans to cut 20 percent of its work force and reduce costs to preserve capital as uncertainty over its funding situation continues. Cattles, which specializes in lending to people who cannot get 0133 : Columbia Missourian

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 34 minutes 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

Mortgage applications down, home-equity credit delinquencies 0133 - 5 hours ago - Surveys released today showed that fewer Americans applied for mortgages last week and more were missing payments on their home equity lines of credit. The Mortgage Bankers Assn. said applications for new home loans fell 8.2 for the week 0133 : Los Angeles Times Blogs

Home-equity loan delinquencies are highest level ever - 4 hours ago - ate payments on home equity loans rose to a record in the third quarter, as consumers remain under stress as unemployment rises and the credit crisis persists, the American Bankers Association reported. Home-equity delinquencies rose to 0133 : Daily Business Review

GM May Not Require Further U.S. Loans to Survive Update2 - 1 hour ago - Jan. 7 Bloomberg General Motors Corp. said it has enough government loans to cover its worst-case forecast for U.S. auto sales and won t need more if the economy holds up. Pledges from the U.S. Treasury for as much as 13.4 billion to 0133 : Bloomberg

Late Loan Payments Hit Record High - 27 minutes 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 : KPIX-TV5

Falling loan rates not falling enough? - 3 hours ago - Mortgage rates have fallen in the past month but should be even lower if they were following interest rates on U.S. Treasury bonds and bills, housing finance experts say. The lower rates have sparked refinancing of home loans in the 0133 : Democrat and Chronicle

Mortgage applications down in latest survey - 2 hours ago - WASHINGTON AP - Fewer people are diving into the refinancing pool, sending mortgage applications tumbling last week. The Mortgage Bankers Association says its application index fell 8.2 for the week ended last Friday after applications 0133 : KATC 3