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Northern Rock bank to boost UK home loans (AFP)

A Northern Rock bank branch in London. State-owned British bank Northern Rock announced Monday that it would lend an additional 14 billion pounds (16 billion euros, 20.5 billion dollars) to struggling homebuyers in the next two years.(AFP/File/Leon Neal)AFP - State-owned British bank Northern Rock announced Monday that it would lend an additional 14 billion pounds (16 billion euros, 20.5 billion dollars) to would-be homebuyers in the next two years.


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Freddie Mac investigates self over lobby campaign (AP)

The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, September 8, 2008. (Jason Reed/Reuters)AP - Lawyers hired by mortgage finance giant Freddie Mac are quietly investigating the firm's own $2 million lobbying campaign, The Associated Press has learned. The lobbying effort helped quash proposed new regulations on the company before the housing market collapsed.


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Nationalized UK bank to expand mortgage book (AP)

AP - Britain's government is throwing nationalized lender Northern Rock back into the home loan business in a bid to spur the market for mortgages, a government official said Sunday.
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Delphi salaried retirees fight benefit cuts (AP)

In this Aug. 8, 2005 file photo, the exterior of Delphi headquarters is shown in Troy, Mich. Delphi Corp., which has been under bankruptcy protection since 2005, has asked a judge to allow it to cancel medical and life insurance benefits for salaried retirees as soon as April 1, so the company can save more than $70 million a year and take more than $1.1 billion in liabilities off its balance sheet. (AP Photo/Paul Sancya, file)AP - Nancy Shade's father and grandparents had enjoyed the security of General Motors' benefits before they helped draw her to a job there, too. Now, the five-year breast cancer survivor is wondering how she'll afford her own health coverage if GM's spun-off parts maker, Delphi, terminates medical and life insurance benefits for salaried retirees.


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Prudential to take 9.9% stake in China Life (AFP)

British insurance group Prudential Plc. agreed to acquire a 9.9 percent stake in Taiwan's China Life Insurance, the two firms said after signing the deal.(AFP/File/Ben Stansall)AFP - British insurance group Prudential Plc. Friday agreed to acquire a 9.9 percent stake in Taiwan's China Life Insurance, the two firms said after signing the deal.


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Ask AP: Mortgage help, troops in Afghanistan (AP)

Members of the coalition forces participating in Operation Enduring Freedom stand at attention as they wait for the arrival of the head of the coalition, Gen. Tommy Franks, in this Friday, Nov. 29, 2002 file photo taken at Bagram Air Base in Afghanistan. A reader-submitted question about how many countries have armed forces in Afghanistan is being answered as part of an Associated Press Q&A column called 'Ask AP'  . (AP Photo/Pat Roque)AP - You're struggling to make ends meet, but each month you manage to scrape together your mortgage payment, if just barely. Are there any programs out there that might help you lower your payments to something a little more affordable?


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How the major market indexes fared Thursday (AP)

A trader works on the floor of the New York Stock Exchange, February 17, 2009. (Brendan McDermid/Reuters)AP - Wall Street sold off again Thursday, driving the Dow Jones industrials to their lowest close in more than six years. Investors see no immediate end for the recession, already 14 months old, and have been unassuaged by the Obama administration's economic stimulus package and mortgage relief plan.


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Large-cap stocks may trump small in market rebound (AP)

AP - As markets continue to founder, conventional wisdom suggests the place to be once a turnaround takes hold is in stocks of small companies.
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Debate flares over Obama housing plan (AFP)

AFP - President Barack Obama's new 275-billion-dollar mortgage plan will start working "very, very quickly," his top housing official said Thursday, after Republicans mounted attacks on the initiative.


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U.S. mortgage rates drop toward record low: Freddie (Reuters)

Reuters - Interest rates on standard U.S. 30-year mortgages dropped in the latest week to levels just shy of record lows as concerns of a deepening recession boosted the appeal of fixed-rate investments, Freddie Mac said on Thursday.