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Fewer apply for home loans credit line delinquencies increase - 6 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 - 6 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

American Bankers Association Reports 2.9 Percent Delinquency 0133 - 26 minutes 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

Record consumer-loan delinquencies - 4 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

Delinquent loans jump to record in 2008 - 2 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

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

Paulson Floats Idea Of Mortgage 'Utilities' Nation Should 0133 - - 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

Pasco receives 400K help from feds - 2 hours ago - A new federal program designed to help cities and counties struggling with home foreclosures will provide Pasco with about 400,000. The Neighborhood Stabilization Program was passed as part of the Housing and Economic Recovery Act of 2008 0133 : Tri-City Herald