Newsroom Headlines

  August 21, 2007 Mortgage Lending Democrats Press for Action to Aid Homeowners Democrats in Congress and on the presidential campaign trail are seizing on the turmoil in mortgages to criticize the

  August 20, 2007 Mortgage Downturn Mortgage Crisis Prompts Congress to Look at Possible Bankruptcy Law Changes As mortgage delinquencies increase, Congress is looking hard at changing the bankruptcy

  August 17, 2007 Illinois Bankruptcy Increases Mirror Rest of the Nation The total number of Illinois bankruptcies filed in the first half of 2007 jumped 45.6 percent over the same period in 2006

  August 16, 2007 Mortgage Industry Eyeing Mortgage Crisis, Congressional Panel Could Strike Deal on FHA Bill  As investors and lenders steer away from subprime loans, Senate Banking Committee Chair

  August 15, 2007 Subprime Mortgages Subprime Problems Spread into Commercial Loans Turmoil in the subprime mortgage market spread again yesterday — this time to a type of short-term security held by

  August 14, 2007 U.S. Banks Tightening Mortgage Standards The Federal Reserve reported yesterday that U.S. banks continued to tighten their standards for approving mortgage loans in the spring and

  August 13, 2007 U.S. Seeks Higher Chapter 11 Fees in Budget Proposal Companies in chapter 11 would pay significantly more in quarterly fees to the federal government, in some cases triple what they

  August 10, 2007 Study: Credit Card Companies Target Consumers Fresh from Bankruptcy A study by a University of Iowa professor found that credit card companies target people fresh out of bankruptcy

  August 9, 2007 Bankruptcy Trustee Sues Big Investor in Refco The trustee for Refco, a commodities brokerage firm that collapsed in fraud a few months after it went public in 2005, has sued Thomas H

  August 8, 2007 Mortgage Lending Senator Clinton Proposes Mortgage Lender Rules, Prepayment Penalty Ban Senator Hillary Clinton (D-N.Y.) proposed new requirements for lenders and an end to prepayment