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Money Meltdown Came After Banks Fought Off 0133 - 56 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 : The Ledger

Sweden in talks with U.S. carmakers about struggling Saab, 0133 - 3 hours ago - STOCKHOLM, Sweden The Swedish government confirmed today it is in talks with General Motors Corp. and Ford Motor Co., after a report that the U.S. automakers are seeking support for their struggling Swedish brands Saab and Volvo Cars. 0133 : Charleston Daily Mail

'We may have to restructure loans to textiles, steel, real 0133 - 1 hour 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 - 56 minutes 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 - 1 hour 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

Investor Sues to Block Mortgage Modifications - 2 hours ago - By Mara Der Hovanesian The battle over the mass modifications of troubled mortgages has begun in earnest. On Dec. 1, William Frey, a private investor in mortgage-backed securities, filed a lawsuit in New York State Supreme Court alleging 0133 : BusinessWeek

Automakers' debt may be obstacle to federal loans - 1 hour 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

Battered realtors may get bailout package soon - 5 hours ago - NEW DELHI The urban development ministry has drafted a bailout package for the real estate industry, which would be shortly sent to the finance ministry for consideration. The ministry has called for relaxation in norms for foreign loans 0133 : Economic Times