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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

Citigroup nears compromise on some home loans - 1 hour ago - Jan 8th, 2009 WASHINGTON Citigroup Inc. is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures, a person briefed on the matter said Thursday. Until now, the banking 0133 : Salon

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

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

Insight Learn from a stay at Bad Credit Hotel - 2 hours 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

Also in Irish - 4 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

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

Fixed Mortgage Rate Falls to Record Low, Freddie Says 0133 - 3 hours ago - Jan. 8 Bloomberg The U.S. average rate on a 30-year fixed mortgage dropped for a 10th straight week to the lowest on record as the government began buying mortgage bonds to stimulate housing demand. The fixed rate dropped to 5.01 0133 : Bloomberg