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Investors snap up mortgages Assets of failed bank 0133 - 9 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

ECB chief suggests rate cut near - 9 hours ago - FRANKFURT- EUROPEAN Central Bank president Jean-Claude Trichet highlighted slumping economies and a pessimistic 2009 growth forecast in an interview released late on Wednesday, raising chances for an interest rate cut next week. 'It's clear 0133 : Straits Times

Low rates get loans moving again - 4 hours ago - The storm clouds that have hovered over the mortgage industry for almost two years are starting to roll away, now that interest rates are at 30-year lows. Local mortgage brokers, bankers and lenders saw a surge in applications in December 0133 : Long Island Business News

I-Team 10 investigation Car loans forged - 1 hour ago - The Geneva Resale Center bills itself as the home of the guaranteed credit approval but the dealership is now under criminal investigation for making several questionable loans. I didn't know what to think. Cindy Hardman of Waterloo says 0133 : WHEC TV-10

Bank of Ireland stops selling mortgages in UK - 2 hours ago - Bank of Ireland , which is getting a government bailout, said it won t take on any new home loans in the U.K. through mortgage intermediaries. Bank of Ireland will reduce its 29 billion 32 billion U.K. mortgage book over an extended 0133 : Independent

U.S. Banks Offer Mortgages Below 5 After Fed Action Update1 - 3 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

Rates fall as Fed buys mortgage securities - 3 hours ago - The government purchases of mortgage securities that began this week appear to be paying off, according to Bloomberg News , which reports that several of the largest U.S. banks have begun offering home loans at fixed rates of 5 percent or 0133 : Providence Business News

American Bankers Association Reports 2.9 Percent Delinquency 0133 - 7 hours ago - Washington, D.C. AHN - The global economic crisis, which was felt initially in September, was reflected in late payment on consumer loans increasing by 2.9 percent during the third quarter of 2008, according to the American Bankers 0133 : All Headline News