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Money Meltdown Came After Banks Fought Off 0133 - 1 hour 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

Long-term idea for Detroit 3 Think globally for way to 0133 - 50 minutes ago - All right, Congress. You are revisiting federal aid to Chrysler LLC, Ford Motor Co. and General Motors Corp. this week. You want a plan to set the U.S. auto industry on the road to long-term health and sustained profits. A short lame-duck 0133 : Detroit Free Press

'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

Investor Sues to Block Mortgage Modifications - 1 hour 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

Home loan firms not to cut rates - 58 minutes 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

Mortgage advances slip further - 3 hours ago - Mortgage advances for October continue to decline in year-on-year growth, from 16,6 in September to 16,1 , according to data released by the Reserve Bank. The decline is the continuation of a trend that started in 2006, and is the result 0133 : Witness

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 - 43 minutes 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