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Money Meltdown Came After Banks Fought Off 0133 - 8 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 - 8 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

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

Measures aiming to ease home loans crisis - 11/25/2008 - MAJOR mortgage lenders have agreed to delay seeking repossession until a homeowner has been in arrears for three months. Banks and building societies are to join the Government and the Bank of England on a new lending panel , designed to 0133 : yorkshirepost

Asian stocks fall as manufacturing declines - 1 hour ago - Asian stocks tumbled as a deepening global recession drove down oil and metal prices and heightened concerns company earnings will collapse. Woodside Petroleum Ltd. lost 6.5 in Sydney after crude sank to the lowest level in three years. 0133 : The Age

Credit for home buyers begins to thaw - 11/24/2008 - A hard freeze crippled the credit market in September, leaving borrowers scrambling for mortgages. But with the huge moves that the federal government has made to encourage banks to make loans, mortgage lending has thawed in recent weeks. 0133 : Herald Tribune

JPMorgan to cut 9,200 WaMu jobs - 46 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