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Investors buy 558 million in mortgages from FDIC - 2 hours ago - WASHINGTON AP - A group of private investors including former executives of Countrywide Financial Corp. has purchased 558 million in home mortgages from the government in a deal involving assets of the failed First National Bank of 0133 : WTOP Radio

U.S. auto sales drop in 2008, recovery unclear - 5 hours ago - DETROIT After a year in which U.S. auto sales tumbled 18 percent and GM had its worst year in nearly a half-century amid slack demand fueled by a terrible economic outlook and growing job worries, automakers are reluctant to predict when 0133 : Edmond Sun

Israel, Hamas briefly hold fire to allow Gaza aid - 6 hours ago - GAZA Reuters - Hundreds of embattled Palestinians ventured outside to shop for food on Wednesday during a three-hour Gaza truce, a first step toward an Egyptian-proposed ceasefire under discussion by Israel and Hamas. Food and milk 0133 : Reuters

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

Arizona MLS Takes Steps to Solve the Financial Crisis - 1 hour ago - PHOENIX - Business Wire The Arizona Regional Multiple Listing Service ARMLS is taking steps to reverse the downturn in the metropolitan Phoenix real estate market. ARMLS is piloting a collateral risk scoring program for residential 0133 : Earthtimes

Late Loan Payments Hit Record High - 2 hours ago - AP 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 0133 : CBS News

Treasury considers bank lending guarantees for business - 2 hours ago - The government is considering a package of measures to cushion the blow of the recession which could include throwing lifelines to big companies, small businesses and households starved of finance in the money markets. A high level team of 0133 : Guardian Unlimited

Late loan payments hit a record high - 2 hours ago - BOSTON - 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 ABA said Wednesday. The association said delinquencies rose to a seasonally 0133 : MSNBC