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Investors buy 558 million in mortgages from FDIC - 4 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 : Miami Herald

Business big shot David Postings - 5 hours ago - What a time it was to join a sub-prime lender. David Postings arrived at Cattles in September 2007, just as Northern Rock was going cap-in-hand to the Bank of England for emergency funding and wholesale markets were seizing up. It was the 0133 : Times Online

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 3 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 - 2 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

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 - 5 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 Wednesday. The association said delinquencies rose to a seasonally adjusted 2.9 0133 : KPIX-TV5

Is he still talking? Paulson Recommends Nixing Freddie and 0133 - - Treasury Secretary Henry M. Paulson Jr. today called for abolishing Fannie Mae and Freddie Mac and replacing them with highly-regulated utilities that would play a more narrow role in supporting the U.S. housing finance system. In what the 0133 : Washington Post

News Briefs - 2 hours ago - Martha's Vineyard Commission, Chamber presentation to focus on economy David Augustinho, executive director of the Cape and Islands Workforce Investment Board, will talk about the economy and state funding for local business at a free 0133 : Martha's Vineyard Times