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Mortgage aid falls short, Bush admin official says - 13 hours ago - Two government programs designed to help hundreds of thousands of delinquent borrowers avoid foreclosure are having negligible effects, a top Bush administration official acknowledged Wednesday. One program will be revamped immediately, and 0133 : BusinessWeek

FDIC chief presses for government action on mortgages - 1 day ago - WASHINGTON AP - The head of the FDIC is pressing again for more aggressive government action to help millions of home borrowers avert foreclosure, saying federal money is needed to ensure economic recovery. Federal Deposit Insurance Corp. 0133 : ABC Action News

UPDATE 2-Citigroup buying back remaining SIV assets - 18 hours ago - NEW YORK, Nov 19 Reuters - Citigroup Inc C.N Quote , Profile , Research , Stock Buzz said it agreed to buy 17.4 billion of assets remaining in a series of funds known as structured investment vehicles, essentially ending the funds 0133 : Reuters

Mortgage applications drop in week - 13 hours ago - Washington The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 6.2 percent, an industry group said. The Market Composite Index, which measures mortgage loan application volume, fell 6.2 0133 : The Money Times

GM, Chrysler scale back glitz at LA auto show - 7 hours ago - LOS ANGELES - Chrysler and General Motors are still showing off their newest vehicles at the Los Angeles Auto Show, but their displays were noticeably quiet Wednesday while Asian and European companies unveiled new models that will likely 0133 : ABC 33/40 News

Kiwibank, Westpac slash lending rates - 5 hours ago - Kiwibank and Westpac have slashed home loan rates ahead of an expected Reserve Bank interest rate cut in December. On Thursday, Kiwibank cut its home loan rates by up to three quarters of a percent to 7.95 and reduced its fixed rates by 0133 : radionz

Mortgage rates on their way down - Kiwibank joins in - 4 hours ago - Mortgage rates are on the way down today, with two banks - Westpac and Kiwibank, cutting rates in anticipation of another Official Cash Rate cut. Kiwibank says it has today cut its variable home loan rate to 7.95 per cent - what is says is 0133 : New Zealand Herald

Amlak suspends new mortgage loans - 4 hours ago - Dubai Islamic mortgage lender Amlak has suspended new loans, its chief executive said on Wednesday, as the global credit crunch hits the property sector in the Gulf's trading hub. We are reviewing our existing credit policy to ensure 0133 : ArabianBusiness.com