Fears that many will be unable to meet repayments or get re mortgaged the FSA will offer mortgage repayment help and advice.
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Fitch to cut ratings on a number residential mortgage-backed securities insured by MBIA Inc, Ambac Assurance Corp, FGIC Corporation and Security
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State-run fund makes bad bets on mortgage-related investment choices
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Citigroup CEO Charles Prince resigns after Citigroup says it may write down $11 billion of subprime mortgage losses in addition to a $6.5 billion wri
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Credit Suisse and UBS cut jobs due to subprime losses. Jobs to go mainly in mortgage backed securities business.
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Senate panel probes role of Moody's, S&P in mortgage crisis; execs concede mistakes, promise improvement.
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Bear Stearns' profits down due to exposure to subprime mortgages debt trading disruption.Two sub-prime hedge funds to be written off.
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Run on Northern Rock intensifies despite reassurances.First run on a UK Bank in 150 years
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Credit crash is a social news site for the credit markets
Nothing surprising here, plenty more losses to come for financials....Ambac covers $556bn in municipal and asset-backed securities, hardly...I always check credit ratings before I make a decision...This won't tackle the lack of deals or reluctance of lenders to refinance...At least Bernanke was clear about what they believed - even if they're...Fed sees more risk to the downside BUT doesn't realize that there's enough...Writedowns are MORE than $18 billion. In the release they reveal U.S....Dont see how they were all owned by the "elites", anyway dont...