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Investors buy 558 million in mortgages from FDIC - 5 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

GM, Chrysler expand credit union loan deals to all 50 states - 1 hour ago - NEW YORK Automakers General Motors Corp. and Chrysler LLC, along with a group of credit unions, said today that they are expanding to all 50 states programs that offer low-cost loans and special pricing incentives to credit union members. 0133 : Detroit Free Press

Frank Says Obama Agrees In Principle to Limit Bank-Rescue 0133 - 20 hours ago - Jan. 7 Bloomberg House Financial Services Committee Chairman Barney Frank said he has agreement in principle with President-elect Barack Obama to release 350 billion from the U.S. bank-rescue fund in return for commitments to help 0133 : Bloomberg

Is Chrysler a lost cause? - 2 hours ago - DETROIT AP - Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors , and analysts say it probably won't survive the year as an 0133 : WTOP Radio

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 2 hours 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 - 1 hour 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

Arizona MLS Takes Steps to Solve the Financial Crisis - 4 hours 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 - 5 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