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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

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

Refinancing suddenly booms - 31 minutes 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 - 1 hour 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

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

Mortgage rates are low, but loans difficult to get - 1/5/2009 - Mortgage rates are at their lowest level in decades, but thousands of Silicon Valley 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 0133 : San Jose Mercury News