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The Next Subprime Crisis Looms - FHA-Backed Loans - 2 hours ago - The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many 0133 : Free Internet Press

Feds seize 2 Southern California banks - 1 hour ago - LOS ANGELES Federal regulators seized Downey Savings Loan and PFF Bank Trust late Friday, saying hundreds of millions of dollars in bad loans from the housing bubble had rendered the Southern California banking fixtures unsound. The 0133 : Santa Rosa Press Democrat

Make first-home buyers' grants like HECS loans, says 0133 - 4 hours ago - FIRST-HOME buyers' grants should be axed and replaced with HECS-style interest-free government loans, Australia's key architects' body says. Archicentre, a national advisory service for the Australian Institute of Architects, wants the 0133 : News.com.au

Federal Regulators Seize California's Downey Savings, PFF Bank - 2 hours ago - Federal regulators seized Downey Savings Loan and PFF Bank Trust late Friday, saying hundreds of millions of dollars in bad loans from the housing bubble had rendered the Southern California banking fixtures unsound. The banks' branches 0133 : Free Internet Press

ANZ drops fixed rate home loans - 1 day ago - ANZ cutting fixed rates by up to 100 bp Changes take effect November 24 In-depth The latest interest rates news and features ANZ has matched National Australia Bank's NAB and Commonwealth Bank of Australia's CBA cut to interest 0133 : News.com.au

3 Indicted in Mortgage Fraud Scheme - 3 hours ago - The defendants were involved in a conspiracy to forge signatures and falsify home loan applications, which included creating and using fraudulent documents containing statements the borrowers never made. The documents were prepared for 0133 : Tyler Morning Telegraph

National Guard troops return to Arizona in hard times - 51 minutes ago - Wilma Felan beamed with pride and relief watching the hangar doors roll open like a stage curtain to reveal her son's National Guard unit standing front and center. We're very proud of them, and we missed them dearly, she said. It's been 0133 : AZCentral.com

Regulators Close Downey, Other Banks - 2 hours ago - Three more U.S. financial institutions failed Friday, bringing to 22 the number of banks and savings and loans that have collapsed this year. The Office of Thrift Supervision closed Downey Savings Loan held by Downey Financial Corp. DSL 0133 : Street.Com