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Long-term idea for Detroit 3 Think globally for 0133 - 4 hours ago - All right, Congress. You are revisiting federal aid to Chrysler LLC, Ford Motor Co. and General Motors Corp. this week. You want a plan to set the U.S. auto industry on the road to long-term health and sustained profits. A short lame-duck 0133 : Detroit Free Press

'We may have to restructure loans to textiles, steel, real 0133 - 3 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 - 3 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

State must end mortgage abuses - 3 hours ago - Being forcibly removed from one s home is one of the most stressful and devastating events a family can experience. This happens all-too-often in Michigan, as predatory home loans have jeopardized entire communities and seriously damaged 0133 : Detroit Free Press

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

Freddie Mac Expanded Investment in Home Loans - 11/24/2008 - Freddie Mac increased its support for the nation's ailing home loan market in October, in part playing the role the government desired when it seized the mortgage finance giant. The McLean-based company and its bigger sibling, Fannie Mae of 0133 : Washington Post

AP review Bush administration backed off calls to crack down 0133 - 6 hours 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 : Naples Daily News

JPMorgan to cut 9,200 Washington Mutual jobs - 2 hours ago - JPMorgan Chase said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual , which on September 25 became the largest U.S. bank to fail. The cuts amount to more than 21 percent of the work force at Washington Mutual, 0133 : International Herald Tribune