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Detroit Three preparing cuts for Congress, but 0133 - 3 hours ago - They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General Motors Corp. and perhaps Chrysler LLC also will have to address massive debts to persuade a skeptical 0133 : Grand Forks Herald

Warnings of collapse unheeded - 50 minutes ago - WASHINGTON The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably 0133 : Newark Star-Ledger

HSBC Raises Hong Kong Mortgage Rates Most in 10 Years 0133 - 50 minutes ago - Dec. 2 Bloomberg HSBC Holdings Plc raised its Hong Kong mortgage rates by the most in a decade to increase profitability on home loans, adding to pressure on property prices. HSBC, the bank with the most branches in Hong Kong, will 0133 : Bloomberg

'We may have to restructure loans to textiles, steel, real 0133 - 6 hours ago - To a certain extent, the slowdown is a correction. Markets were overheated. A correction was indeed the need of the hour. As far as the preparedness of my bank is concerned, I am not at all shaky. We have a sound repayment flow and my 0133 : Business Standard

Challenge to BofA s modified mortgages - 6 hours ago - Bank of America is facing a legal challenge over a multibillion-dollar promise to modify home loans for 400,000 borrowers, underscoring one of the biggest obstacles to efforts on reducing foreclosures. The suit was filed on Monday in New 0133 : Financial Times

Automakers' debt may be obstacle to federal loans - 57 minutes ago - DETROIT AP They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General Motors Corp. and perhaps Chrysler LLC also will have to address massive debts to persuade 0133 : Associated Press

Warnings on home loans were ignored - 1 day ago - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient 0133 : Peoria Journal Star

Home loan firms not to cut rates - 3 hours ago - A slew of measures by the Reserve Bank of India RBI during the last few weeks may have led to a reduction in home loan rates by public sector banks, but housing financial companies HFCs are in no mood to reduce lending rates. HFCs are 0133 : Business Standard