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Investors snap up mortgages Assets of failed bank 0133 - 5 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 : Las Vegas Review Journal

Refugee Turns Rep. Out Of New Orleans - 1 day ago - When Anh Joseph Cao kow was 8 and Saigon was about to fall, his parents put him on a U.S. military transport plane to America. Now, 30 years later Cao has been sworn in as the first Vietnamese-American to serve in Congress. The 0133 : KCCI.com

U.S. Banks Offer Mortgage Rates Below 5 as Fed Buys 0133 - 1 hour ago - Jan. 8 Bloomberg The largest U.S. banks are starting to offer fixed home loans below 5 percent after the government began buying mortgage securities to bolster the housing market. JPMorgan Chase Co. is advertising 30-year mortgages 0133 : Bloomberg

Delinquent loans jump to record in 2008 - 5 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 said yesterday. Delinquencies rose to a seasonally adjusted 2.9 percent from 0133 : Columbus Dispatch

Paulson Floats Idea Of Mortgage 'Utilities' - - In his final speech scheduled as Treasury secretary, Henry M. Paulson Jr. yesterday proposed replacing mortgage-finance companies Fannie Mae and Freddie Mac with highly regulated utilities that would play a more limited role in making money 0133 : Washington Post

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

Refinancing suddenly booms - 2 hours ago - Historically low interest rates recently have sparked a mortgage refinance boom in Hawai'i that is helping homeowners and lenders during difficult economic times. The national average interest on a 30-year fixed-rate mortgage last week 0133 : Honolulu Advertiser

Treasury sees more big bank bailouts - 3 hours ago - The Treasury has quietly opened the door to more bailouts of major banks like Citigroup that the department deems too big to fail, exposing taxpayers to potentially large losses on the banks' souring loan portfolios. In a little-noticed 0133 : The Washington Times