Warning on 'mortgage rescue' firms
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Debt-ridden homeowners sell up to companies and rent their property back - but they can then face eviction.
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A swathe of figures have provided further evidence of a slowdown in the UK property market. The Council of Mortgage Lenders (CML), British Bankers Association (BBA) and Building Societies Association (BSA) all said mortgage lending was slowing.
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Business & money: New rules to protect tenants from unscrupulous landlords and letting agencies could be on the way
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Move follows government's failure to to find buyer for stricken mortgage lender
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Contrarian investors who think now is the time to start buying beaten-down banking stocks could be in for a shock if they don't carefully review those companies' distressed home-equity loan portfolios.
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Business & money: Three lenders pull 'irresponsible' mortgages after Northern Rock comes under fire over similar deals
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The Financial Services Authority (FSA) is to take action against five firms that sell sub-prime mortgages.
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Business & money: Watchdog warns banks that balance sheets will be under extra scrutiny and so they should not try to hide the worst effects of the credit crunch
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The Federal Trade Commission has warned more than 200 companies about "potentially deceptive" mortgage advertisements that could give borrowers false impressions of the cost of home loans.
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Federal banking regulators yesterday called on lenders to tighten their standards for issuing nontraditional home loans.
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Thousands of people paying mortgages are unaware of the risk to their homes posed by missed payments,  a charity says.
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Mortgage lender's shares plummet more than 20% after Bank of England intervention.
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Business & money: Building society damaged by the sub-prime mortgage crisis in the US and other one-off charges
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The Halifax bank, Britain's biggest mortgage lender, predicts a much-feared fall in the rampant UK property market.
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Want government help to get out of a bad subprime mortgage? Don't look for Congress to come to your rescue anytime soon.
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Top bankers warn that many lenders are letting their standards slip and making imprudent loans.
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At a Senate Banking Committee hearing yesterday, legislators and consumer advocates prodded federal banking regulators to move more quickly to put restrictions on non-traditional mortgage lending, because, they said, the new kinds of mortgages may place borrowers and lenders at financial risk.