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AP IMPACT They warned us, but US eased loan rules - 2 hours ago - WASHINGTON AP - 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 0133 : WTOP Radio

SE Financial Corp. Announces Fourth Quarter and 2008 Year End 0133 - 1 hour ago - PHILADELPHIA, Dec 01, 2008 BUSINESS WIRE SE Financial Corp. trading symbol SEFL the Company , the holding company for St. Edmond's Federal Savings Bank, announced net income of 212.7 thousand for the three months ended October 0133 : Marketwatch

'We may have to restructure loans to textiles, steel, real 0133 - 54 minutes 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

State must end mortgage abuses - 26 minutes 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

Automakers' debt may be obstacle to federal loans - 33 minutes 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

Investor Sues to Block Mortgage Modifications - 6 hours ago - 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 an unprecedented lawsuit in U.S. District Court in the Southern District of 0133 : BusinessWeek

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

JPMorgan axes 9200 Washington Mutual jobs - 1 hour ago - JPMorgan Chase Co said it will cut about 9200 jobs at the former Washington Mutual, which on Sept 25 became the largest US bank to fail. The cuts amount to more than 21 of the workforce at Washington Mutual, which ended June with 43,198 0133 : The Age