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Investors snap up mortgages Assets of failed bank 0133 - 4 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

Fewer apply for home loans credit line delinquencies increase - 8 hours ago - Fewer Americans applied for mortgages last week and more have been missing payments on their home equity lines of credit, according to surveys released Wednesday. The Mortgage Bankers Assn. said applications for home loans fell 8.2 last 0133 : Los Angeles Times

PennyMac, Led by Ex-Countrywide Head, Sees Promise in Bad 0133 - 9 hours ago - Jan. 8 Bloomberg Stanford Kurland, the former Countrywide Financial Corp. president, says his new company s purchase of 558 million in home loans issued by a failed Nevada bank will be a springboard for further growth. Private 0133 : Bloomberg

Record consumer-loan delinquencies - 6 hours 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. The association said delinquencies rose to a seasonally adjusted 2.9 percent from 0133 : Chicago Tribune

Low mortgage rates tough to get - 1 hour ago - Mortgage rates are at their lowest level in decades, but thousands of Bay Area residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the most 0133 : Contra Costa Times

U.S. Banks Offer Mortgage Rates Below 5 as Fed Buys 0133 - 4 hours 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

First Hangover Of the Year 'Alt-A' Loans - 1/1/2009 - This could be the year when the Alt-A mortgage problem really hits home. For those unfamiliar with this piece of the mortgage rout, Alt-A home loans typically went to borrowers with otherwise fine credit scores, but some other underwriting 0133 : Wall Street Journal

ICICI cuts home, auto loan rates 50 bps - 1/1/2009 - The country s largest private sector lender, ICICI Bank, today reduced its lending rates on home and auto loans 50 basis points and deposit rates 50 to 75 basis points across various tenures with effect from December 31. The bank s decision 0133 : Business Standard