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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

I-Team 10 investigation Car loans forged - 55 minutes 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

U.S. Banks Offer Mortgages Below 5 After Fed Action Update1 - 2 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

Insight Learn from a stay at Bad Credit Hotel - 1 hour ago - Don t let your credit put you in a bad place. This sound advice comes from the US Treasury department, which is tackling financial illiteracy among young Americans and encouraging them to control their credit. The campaign was launched 0133 : Financial Times

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

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