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Low rates get loans moving again - 3 hours 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

Bank of Ireland stops selling mortgages in UK - 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

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 - 2 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

American Bankers Association Reports 2.9 Percent Delinquency 0133 - 6 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

Area legislators seek crackdown on unscrupulous home lenders - 1 hour ago - Two Richmond area-lawmakers today proposed legislation designed to discourage unscrupulous mortgage brokers from making sub-prime loans to people who don't qualify. The Truth in Lending Act is sponsored by Del. Jennifer L. McClellan, 0133 : Richmond Times-Dispatch

First Hangover Of the Year 'Alt-A' Loans - 1/1/2009 - This could be the year when the Alt-A mortgage problem really hits home. For those unfamiliar with this piece of the mortgage rout, Alt-A home loans typically went to borrowers with otherwise fine credit scores, but some other underwriting 0133 : Wall Street Journal

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