Precious Moments cross-stitch book "Welcome Home Baby" (PM68) has this font in the back of it. It appears to be a 12-pixel-tall version of Wasted Collection, the font used for headline text on Precious Moments merchandise.
License: PD. Bitmap fonts aren't copyrightable. (Scalable fonts are copyrighted computer programs, but a bitmap rendering made from one is PD, and rendering followed by tracing doesn't result in a derivative work.)