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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

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 - 53 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

Jersey Home Loans - 11 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

GM May Not Require Further U.S. Loans to Survive Update2 - 2 hours 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 - 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