Mortgage Giants, Market Tied in Crisis - Washington Post
Fannie Mae and Freddie Mac are giants of the mortgage finance industry. But to investors, they’re rapidly shrinking. And as they struggle, they’re taking the housing market with them, reinforcing a downward spiral in which their troubles translate

Mortgage penalty unlikely to vanish - Herald News
I have a prepayment penalty on my mortgage loan for three years. I’d like to refinance sooner. Is there a way a lender can waive the penalty? My loan closed in April 2007 and a servicing company now holds the loan, but they can’t answer my

Cracks appearing in U.S. commercial real estate market - International Herald Tribune
As the value of U.S. home mortgages crumbles by the day, Wall Street has hoped that commercial real estate loans would stay clear of the storm. But bankers believe the headwinds may be shifting after a large apartment complex in the Harlem area in

Tough times not over for US investment banks - News.com.au
WALL Street research analysts are projecting yet another tough quarter for US investment banks marked by additional writedowns across a series of fixed-income assets amid an already weak operating environment. Shares of Lehman Brothers fell as much