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Investors snap up mortgages Assets of failed bank in Nevada 0133 - 6 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

Low rates get loans moving again - 1 hour ago - The storm clouds that have hovered over the mortgage industry for almost two years are starting to roll away, now that interest rates are at 30-year lows. Local mortgage brokers, bankers and lenders saw a surge in applications in December 0133 : Long Island Business News

PennyMac, Led by Ex-Countrywide Head, Sees Promise in Bad 0133 - 10 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

Also in Irish - 1 hour 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

American Bankers Association Reports 2.9 Percent Delinquency 0133 - 4 hours 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

U.S. Banks Offer Mortgages Below 5 After Fed Action Update1 - 40 minutes 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

Low mortgage rates tough to get - 2 hours ago - Mortgage rates are at their lowest level in decades, but thousands of Bay Area 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 most 0133 : Contra Costa Times

Record consumer-loan delinquencies - 8 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