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Subprime lender Cattles cuts jobs and costs - 5 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

Home-equity loan delinquencies are highest level ever - 4 hours ago - ate payments on home equity loans rose to a record in the third quarter, as consumers remain under stress as unemployment rises and the credit crisis persists, the American Bankers Association reported. Home-equity delinquencies rose to 0133 : Daily Business Review

Late loan payments hit record high in 3Q - 1 hour 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 said Wednesday. The association said delinquencies rose to a seasonally 0133 : AZCentral.com

Late loan payments hit a record high - 1 hour 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

Mortgage applications down in latest survey - 2 hours ago - Citigroup Inc C Stock Quote , Chart , News , Add to Watchlist WASHINGTON AP - Mortgage applications fell last week, reflecting a slight dip in refinancing after a surge last month as borrowers seized on lower interest rates. The 0133 : MSN MoneyCentral

Marketing into a Meltdown - 6 hours ago - One of the mysteries of today's economic crisis is why Angelo Mozilo, the founder and chief executive of Countrywide at one time America's largest home-mortgage lender failed to rein in his company's risk-taking even as the housing 0133 : Wall Street Journal

Investors buy 558 million in mortgages from FDIC - 1 hour 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

Paulson Says Utility Model Better for Fannie, Freddie 0133 - 2 hours ago - Jan. 7 Bloomberg Treasury Secretary Henry Paulson recommended replacing Fannie Mae and Freddie Mac with utility- like companies that would guarantee mortgages without maintaining investment portfolios. A public utility-like mortgage 0133 : Bloomberg