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Mortgage Servicing Loses Luster as Bad Loans Mount Update1 - 9 hours ago - Jan. 9 Bloomberg Bank of America Corp., GMAC LLC, and WL Ross Co. are among mortgage servicers that have endured billions of dollars in unexpected costs and added thousands of workers to handle rising foreclosures, denting a business 0133 : Bloomberg

Failed US home loans bank IndyMac sold for 14 bn - 1/3/2009 - WASHINGTON A group of private investors has agreed to buy for nearly 14 billion the collapsed home loans specialist IndyMac Bank, the third-largest bank to fail since the US government began insuring deposits in 1934. The group is headed 0133 : Daily News and Analysis

'Obscene' 10,000 Borrowing Rates - 42 minutes ago - Borrowers are paying interest of up to 10,000 on internet-based and doorstep loans, according to a Conservative report. The claim comes despite the Bank of England cutting its main interest rate to a record low of just 1.5 . Tory housing 0133 : Ananova

UPDATE 2-US bank industry slams lawmaker-Citi mortgage deal - 9 hours ago - WASHINGTON NEW YORK, Jan 9 Reuters - A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc C.N and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers 0133 : Reuters

After 158 years, the end is nigh for Bristol West - 4 hours ago - The housing market was dealt a further blow this week after the Bank of Ireland announced it was dramatically scaling back its UK mortgage operation and ditching the 158-year-old Bristol West brand. However, the Dublin-based bank says the 0133 : Guardian Unlimited

Citigroup accepts plan on mortgages - 1 day ago - WASHINGTON Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit. The lawmakers aim to attach the plan 0133 : Louisville Courier-Journal

Recovery up to private sector - 8 hours ago - The federal government is far from exhausting all its weapons to assist the economy. Some form of tax break as well as a massive public works program reminiscent of the 1930s are expected from Barack Obama once he takes office. This 0133 : Greenwood Commonwealth

Citigroup director Robert Rubin resigns as adviser - 1 hour ago - NEW YORK AP Citigroup board member Robert Rubin, who has drawn heavy criticism for his role at the embattled bank, has resigned as a senior adviser. Rubin, 70, will continue to serve as a board director until his term expires at the 0133 : Associated Press