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PennyMac, Led by Ex-Countrywide Head, Sees Promise 0133 - 7 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

Subprime lender Cattles cuts jobs and costs - 22 hours ago - LONDON AP - Subprime lender Cattles PLC said Wednesday it plans to cut 20 percent of its work force and reduce costs to preserve capital as uncertainty over its funding situation continues. Cattles, which specializes in lending to people 0133 : WTOP Radio

PennyMac, Led by Ex-Countrywide Head, Sees Promise in Bad 0133 - 7 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 - 51 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

Delinquent loans jump to record in 2008 - 3 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

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

In tight market, government still has Rural Development loans 0133 - 1/1/2009 - Although the national credit market is roiling, the U.S. Department of Agriculture still has home loans with affordable monthly payments available to residents. The agency's Rural Development arm is one of the few lenders still offering 100 0133 : MLive.com

Refinancing suddenly booms - 51 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