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Obama plans to keep Republican FDIC chair Bair 0133 - 2 hours ago - WASHINGTON Reuters - Democratic President-elect Barack Obama intends to retain Federal Deposit Insurance Corp head Sheila Bair, who has pushed for fast mortgage modifications, according to a report on Wednesday. Citing Democratic 0133 : Boston Globe

Subprime lender Cattles cuts jobs and costs - 6 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

Paulson Urges Resolution Of Fannie, Freddie Status To Avoid 0133 - 4 hours ago - RTTNews - Treasury Secretary Henry Paulson said Wednesday that the government should replace mortgage giants Fannie Mae and Freddie Mac with a system that either explicitly backs certain mortgage loans with government credit, or leaves 0133 : RTT News

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 56 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

Late Loan Payments Hit Record High - 1 hour 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 : CBS 3 Philadelphia

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

Homebuilders push housing aid plan - 28 minutes ago - Jan 7th, 2009 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 Wednesday pushing a 150 billion plan to 0133 : Salon

FDIC Makes A Deal - 35 minutes ago - America has been burned by fancy mortgages , but that isn't stopping the U.S. government from doing some financial engineering with the ruins of the home finance business. On Wednesday, Uncle Sam got a bunch of bad loans off his books in a 0133 : Forbes