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Wachovia has announced that it lost $1.1 billion on collateralized debt obligations (CDOs) invested in asset-backed securities in October. The bank s read more »
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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 read more »
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bank of America confirmed it will buy Countrywide for $4 billion in an all-stock transaction. read more »
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Fears that many will be unable to meet repayments or get re mortgaged the FSA will offer mortgage repayment help and advice. read more »
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