Car loans bad credit, Bad credit car loans

The government would give emergency loans to 1 million troubled borrowers under a new housing assistance plan developed by a federal bank regulator.

Analysts cut estimates on Countrywide Financial Corp. Wednesday after the nation’s largest mortgage lender and servicer lost $893 million in the first quarter and took $3.05 billion in credit-related charges.

Members of the House Financial Services Committee return to work on a multibillion-dollar housing-aid bill that is intended to help stem the foreclosure crisis.

MFA Mortgage Investments Inc., an investor in mortgage securities, said Wednesday it swung to a loss during the first quarter due to losses taken on asset sales and the termination of interest rate swap agreements.

Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest thereon to the date of redemption:

MFA Mortgage Investments, Inc. today reported a net loss of $88.0 million, or a loss of $0.61 per share of common stock, for the first quarter ended March 31, 2008. For the first quarter, net income excluding items not affecting distributable income was $28.9 million, or $0.20 per share of common stock.

In a bad omen for sellers and lenders this spring home selling season, the erosion of house values is accelerating and foreclosure filings are doubling, new data showed Tuesday.

Washington Mutual Inc., hit hard by delinquencies and defaults, named a new chief risk officer Tuesday to help steer the nation’s largest savings and loan through the fallout of the mortgage and credit crises.

Results from Countrywide Financial and MasterCard on Tuesday underscored the declining state of the US economy as mortgage defaults soared and more consumers turned to credit cards for basic purchases.