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Money Meltdown Came After Banks Fought Off 0133 - 7 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 : The Ledger

'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 - 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

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

JPMorgan to cut 9,200 WaMu jobs - 40 minutes ago - New York JPMorgan Chase Co said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual Inc, which on September 25 became the largest US bank to fail. The cuts amount to more than 21 percent of the work force at 0133 : Financial Express

Rates cut to 4.25pc - 1 hour ago - Audio Mixed numbers won't sway the RBA The World Today Related Story Stocks slip ahead of interest rate decision Related Link View a graphic showing how interest rates have changed over the past 12 months Related Link Statement by RBA 0133 : Australian Broadcasting Corp.

Not So Fast Corporate Borrowers Win Waivers - 33 minutes ago - Just as over-extended homeowners are trying to rework hefty mortgage or other debt payments, a growing number of cash-strapped companies are seeking reprieves from lenders as well. General Growth Properties, for one, reached agreement with 0133 : CFO.com