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GM, Ford Prepare for Congress - 7 hours ago - General Motors' GM board was meeting on Dec. 1 to review a plan that management hopes will persuade Congress to lend the company about 12 billion in public funds. Part of the plan includes reviewing several of its brands for sale or 0133 : BusinessWeek

'We may have to restructure loans to textiles, steel, real 0133 - 2 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 - 5 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 - 5 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

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 Loans Prove Increasingly Tricky to Obtain - 11/24/2008 - Rayman Aryan moved to Seattle in September for a good job, with little debt and a high credit score, and was able to put more than 40,000 down on a house. Wells Fargo preapproved him for a mortgage. But after he put up 10,000 in earnest 0133 : HispanicBusiness.com

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

Home loan firms not to cut rates - 5 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