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Investors buy 558 million in mortgages from FDIC - 2 hours ago - WASHINGTON 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 Nevada, 0133 : Miami Herald

U.K. Services Shrink, House Prices Drop by the Most Since 1991 - 1 day ago - Jan. 6 Bloomberg U.K. services from restaurants to airlines shrank at close to the fastest pace in at least a dozen years and house prices fell by the most since 1991, suggesting that the recession is intensifying. An index based on a 0133 : Bloomberg

Subprime lender Cattles cuts jobs and costs - 8 hours ago - LONDON AP - 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 0133 : PR Inside

Story, photos 'Extraordinary gathering' for Obama, Bush, 3 0133 - 2 hours ago - WASHINGTON Confronting a grim economy and a Middle East on fire, Barack Obama turned today to perhaps the only people on the planet who understand what he s in for the four living members of the U.S. presidents club. In an image bound 0133 : Green Bay Press-Gazette

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 1 hour 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

Columbia profs Incentivize servicers to modify mortgages - 56 minutes 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 : KPIX-TV5

ICICI cuts home, auto loan rates 50 bps - 1/1/2009 - The bank s decision came after rate cuts by public sector banks and some of its major private sector rivals like HDFC and HDFC Bank earlier this month. ICICI Bank said it has reduced its floating reference rate FRR for home loans and auto 0133 : Business Standard