Nationstar halts U.S. loans
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Nationstar Mortgage, the subprime unit  of Fortress Investment Group LLC , said it is no longer  accepting new loan applications from brokers, a signal the  lender is winding down operations.
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Wells Fargo & Co.,  the  fifth-largest U.S. bank, on Monday said it stopped offering a  popular subprime mortgage product in response to market and  regulatory pressure.
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Ameriquest Mortgage Co, the largest  U.S. subprime lender as recently as 2005, is closing, the  latest home loan provider to shut down amid the nation&#39;s  housing market slump.
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UNITED NATIONS, March 5 -- The U.N. Development Program has suspended its operations in North Korea, saying it cannot carry them out under guidelines that prohibit payments in foreign currency and the employment of local workers handpicked by the North Korean government.
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A U.S. tire importer disclosed that its Chinese manufacturer had stopped including a safety feature meant to prevent tread separation.
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National City Corp , one of the  10 largest U.S. banks, said on Wednesday it will cut its common  stock dividend 49 percent and eliminate 900 jobs as it stops  offering mortgages through brokers.
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An international banking consortium has decided to suspend approval for the â¬10 billion (Â£6.9bn) loan to Gazprom that would have financed the state-controlled company&#39;s acquisition of Yukos&#39;s most important oil production plant.
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The Bush administration formally canceled Iraq&#39;s $4.1 billion debt to the United States on Friday and urged others to do the same to help the country rebuild.
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Freddie Mac FRE.N, the No. 2 U.S.  mortgage finance company, said on Monday it will no longer  serve as a broker dealer in the multi-trillion-dollar mortgage  bond market, a move some said is designed to lower risk and  placate regulators.
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Chancellor steps in to halt run on accounts after crisis-hit mortgage lender's shares dive.
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State securities regulators have moved to suspend or revoke the licenses of nine former brokers for Metropolitan Mortgage &amp; Securities, the bankrupt financial conglomerate that has left thousands of people across the Northwest holding hundreds of millions
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NovaStar Financial Inc  said on  Tuesday that it would eliminate 275 jobs and slash direct  mortgage lending to preserve cash after it was forced to cancel  a $101.2 million rights offering, and its shares fell 14  percent.
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WASHINGTON, Oct 3 (IPS) - Anti-debt campaigners are hailing as groundbreaking  Monday's decision by Norway to cancel 80 million dollars in  debt owed by five poor nations after it determined that the loans  were not granted in a good faith effort to promote development.
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SEC halts trading in 35 penny stocks to stop e-mail scams that cost investors millions.
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Northern Rock says it is in talks about 'a variety of potential transactions' but has cancelled its dividend.
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State banking regulators shut down New England Merchants Corp. on Wednesday, charging that the Arlington mortgage firm inflated incomes of borrowers on loan applications and used unlicensed loan brokers.
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Impac Mortgage Holdings, a California home lender that suspended some operations last month, now plans to cease almost all lending and omit dividends for the rest of 2007 after âdisruptionsâ caused by rising defaults.