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PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 4 hours ago - Jan. 7 Bloomberg Private National Mortgage Acceptance Company LLC , an investor in troubled mortgages run by a former president of Countrywide Financial Corp., bought 558 million of home loans that the Federal Deposit Insurance Corp. 0133 : Bloomberg

Columbia profs Incentivize servicers to modify mortgages - 3 hours ago - Three Columbia University professors today tackled one of the thorniest problems of the housing debacle how to increase modifications to soured home loans that have been bundled into mortgage bonds. Troubled mortgages that back securities 0133 : Los Angeles Times Blogs

REIT plan gets set for finishing touches - 1 hour ago - China's central bank is drafting proposals to set up real estate investment trusts REITs , as part of the government's efforts to ease the cash constraints of property developers, officials said Tuesday. We are formulating a plan on REITs 0133 : China Economic Net

Arizona MLS Takes Steps to Solve the Financial Crisis - 6 hours ago - PHOENIX - Business Wire The Arizona Regional Multiple Listing Service ARMLS is taking steps to reverse the downturn in the metropolitan Phoenix real estate market. ARMLS is piloting a collateral risk scoring program for residential 0133 : Earthtimes

Treasury's 'guidelines' hint at more bank rescues - 49 minutes 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 bank s decision came after rate cuts by public sector banks and some of its major private sector rivals like HDFC and HDFC Bank earlier this month. ICICI Bank said it has reduced its floating reference rate FRR for home loans and auto 0133 : Business Standard

Late Loan Payments Hit Record High - 7 hours ago - AP 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 Wednesday. The association said delinquencies rose to a seasonally adjusted 0133 : CBS News

Treasury considers bank lending guarantees for business - 6 hours ago - The government is considering a package of measures to cushion the blow of the recession which could include throwing lifelines to big companies, small businesses and households starved of finance in the money markets. A high level team of 0133 : Guardian Unlimited