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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

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

Chrysler sales plunge 53 pct GM, Ford, Toyota, Honda, Nissan 0133 - 1 day ago - DETROIT AP Chrysler LLC 's December U.S. sales plunged by more than half and it sold 30 percent fewer vehicles in 2008, dwarfing the steep declines at the other major automakers as consumers remained uncertain about the economy and 0133 : Chicago Tribune

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 41 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

Falling loan rates not falling enough? - 3 hours ago - Mortgage rates have fallen in the past month but should be even lower if they were following interest rates on U.S. Treasury bonds and bills, housing finance experts say. The lower rates have sparked refinancing of home loans in the 0133 : Democrat and Chronicle