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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

Progress on diplomatic front but Israel resumes offensive in 0133 - 3 hours ago - Israel resumed its Gaza offensive Wednesday, bombing heavily around suspected smuggling tunnels near the border with Egypt after a three-hour lull to allow in humanitarian aid. Hamas responded with a rocket barrage. Despite the heavy 0133 : In-Forum

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 5 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

Home-equity loan delinquencies are highest level ever - 9 hours ago - ate payments on home equity loans rose to a record in the third quarter, as consumers remain under stress as unemployment rises and the credit crisis persists, the American Bankers Association reported. Home-equity delinquencies rose to 0133 : Daily Business Review

Arizona MLS Takes Steps to Solve the Financial Crisis - 5 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

GM May Not Require Further U.S. Loans to Survive Update2 - 6 hours ago - Jan. 7 Bloomberg General Motors Corp. said it has enough government loans to cover its worst-case forecast for U.S. auto sales and won t need more if the economy holds up. Pledges from the U.S. Treasury for as much as 13.4 billion to 0133 : Bloomberg

Treasury's 'guidelines' hint at more bank rescues - 38 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

Late Loan Payments Hit Record High - 6 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