Regulators say mortgage market is self correcting
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Homeowners unable to pay monthly mortgage bills and facing foreclosure shouldn't count on help from Washington this year.
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The Federal Reserve proposed new regulations yesterday to clean up a broad array of deceptive mortgage lending practices, a move that represents the central bank's most significant response to the nation's housing tumult.
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This just in from London: the U.S.  subprime mortgage market is in a tizzy.
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There was a sharp slowdown in mortgage lending last month, says the Council of Mortgage Lenders.
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Mortgage lenders have hit back at accusations that they are responsible for the rapid rise in house prices.
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The number of new mortgage approvals in the UK held up in July, the Bank of England reports.
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As the mortgage mess grows, we are learning more and more about just how sloppy things were in the mortgage-issuing business.
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The Securities and Exchange Commission is investigating how banks, credit rating firms and lenders valued and disclosed complex mortgage-backed securities that ultimately led to the subprime crisis, a top agency enforcer said on Saturday.
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Bank regulators have agreed on new  standards for subprime mortgage loans and are prepared to  release it Friday, several sources familiar with the matter  said Thursday.
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Figures showing falling mortgage approvals and rising repossessions suggest interest rate rises are being felt.
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COEUR D'ALENE, Idaho  - Some progress is being made to modify home loans to borrowers with poor credit histories but more work by regulators and industry is needed, a senior U.S. banking regulator said on Thursday.
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The Securities and Exchange  Commission is investigating how banks, credit rating firms and  lenders valued and disclosed complex mortgage-backed securities  that ultimately led to the subprime crisis, a top agency  enforcer said on Saturday.
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High-level public officials and private analysts suggest that the subprime mortgage mess is contained.
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Capitol Hill weighs fixes to lending industry, but divergent views on market regulation may limit results.
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The crisis in the U.S. subprime mortgage market has heightened tension between mortgage lenders and brokers who both hope to shape any laws aimed at stamping out dangerous loans.
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The new rules would force companies to show that customers can realistically afford their mortgages.
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Amid a steady stream of headlines about turmoil in the U.S. mortgage market propelled by rising defaults of subprime loans, home buyers and owners are fast turning to traditional, long-term mortgages for home financing needs, according to a report released on Wednesday.