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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

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

Home-equity loan delinquencies are highest level ever - 10 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 - 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

GM May Not Require Further U.S. Loans to Survive Update2 - 7 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

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 - 7 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

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