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    Personal Finance Headlines
    HSBC reports 1H fall in profit (AP)
    AP - HSBC Holdings PLC, Europe's largest bank by market value, reported Monday its steepest fall in profit since 2001 as costs for bad U.S. mortgage loans mounted. -- read full article
    Mon, 04 Aug 2008 16:40:37 GMT - Yahoo! News: Personal Finance News
    HSBC profits sag 28 pct to $10.2 bln on bad debts (Reuters)
    Reuters - Europe's biggest bank HSBC Holdings said first-half profits fell 28 percent to just over $10 billion, in line with analysts' forecasts, as bad debts on U.S. home loans and asset writedowns countered strong Asian growth. -- read full article
    Mon, 04 Aug 2008 08:51:31 GMT - Yahoo! News: Personal Finance News
    S&P emails slammed mortgage debt products: report (Reuters)
    Reuters - Analysts at Standard & Poor's Rating Services warned against mortgage-related debt products in internal e-mails that, in one case, called the complex financial deals "ridiculous," the Wall Street Journal reported in its weekend edition. -- read full article
    Sat, 02 Aug 2008 16:36:36 GMT - Yahoo! News: Personal Finance News
    Lehman in talks to sell mortgage assets -reports (Reuters)

    The exterior of the world headquarters for Lehman Brothers is seen in New York June 4, 2008. (Brendan McDermid/Reuters)Reuters - Lehman Brothers Holdings Inc is in talks with prospective buyers, including BlackRock Inc, to sell mortgage assets and other hard-to-value securities, according to reports on Friday.


    -- read full article
    Fri, 01 Aug 2008 21:03:49 GMT - Yahoo! News: Personal Finance News
    IndyMac Bancorp files for Chapter 7 bankruptcy (Reuters)

    A customer enters an IndyMac Bank branch in Glendale, California, July 17, 2008. (Phil McCarten/Reuters)Reuters - IndyMac Bancorp Inc , once one of the largest U.S. mortgage lenders, has filed for bankruptcy protection, less than three weeks after being seized by federal regulators following a bank run by depositors.


    -- read full article
    Fri, 01 Aug 2008 22:28:00 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie seen boosting loss estimates, again (Reuters)
    Reuters - U.S. mortgage market giants, Fannie Mae and Freddie Mac , may report further downgrades to their forecasts for credit losses in their upcoming second-quarter results, starting next week. -- read full article
    Fri, 01 Aug 2008 23:41:12 GMT - Yahoo! News: Personal Finance News
    Lehman in talks to sell $30 bln mortgage assets: report (Reuters)

    The exterior of the world headquarters for Lehman Brothers is seen in New York June 4, 2008. (Brendan McDermid/Reuters)Reuters - Lehman Brothers Holdings Inc is in talks with prospective buyers to sell about $30 billion in commercial mortgage assets and other hard-to-value securities, the New York Post reported on its website.


    -- read full article
    Fri, 01 Aug 2008 10:39:07 GMT - Yahoo! News: Personal Finance News
    UK's FSA finds no sign of HBOS share manipulation (Reuters)

    A man carries a HBOS sign outside of the EICC building, ahead of their AGM today, in Edinburgh, Scotland, June 26, 2008. (David Moir/Reuters)Reuters - Britain's financial watchdog has found no evidence that illegal dealing was behind an abrupt fall in the shares of mortgage lender HBOS in March, but warned it would not relax its surveillance of the market.


    -- read full article
    Fri, 01 Aug 2008 10:41:12 GMT - Yahoo! News: Personal Finance News
    IndyMac Bancorp files for Chapter 7 bankruptcy (Reuters)

    A customer enters an IndyMac Bank branch in Glendale, California, July 17, 2008. (Phil McCarten/Reuters)Reuters - IndyMac Bancorp Inc , once one of the largest U.S. mortgage lenders, has filed for bankruptcy protection, less than three weeks after being seized by federal regulators following a bank run by depositors.


    -- read full article
    Fri, 01 Aug 2008 14:02:53 GMT - Yahoo! News: Personal Finance News
    Judge dismisses class-action bond interest lawsuit (AP)
    AP - A North Carolina judge threw out a class-action lawsuit Thursday filed by North Carolina residents seeking refunds on income tax they paid on interest generated from out-of-state bonds. -- read full article
    Fri, 01 Aug 2008 00:21:50 GMT - Yahoo! News: Personal Finance News
    Congress approves student loan bill (Reuters)
    Reuters - Legislation that seeks to protect college students from lending abuses while boosting student aid was approved by Congress on Thursday. -- read full article
    Fri, 01 Aug 2008 01:14:46 GMT - Yahoo! News: Personal Finance News
    GMAC posts $2.48 billion loss on big write-downs (Reuters)
    Reuters - Finance company GMAC LLC posted a $2.48 billion second-quarter loss on Thursday, as rising gas prices forced it to write down sport-utility vehicle leases, while losses in its mortgage lending unit soared. -- read full article
    Thu, 31 Jul 2008 15:16:17 GMT - Yahoo! News: Personal Finance News
    Freddie Mac boosts mortgage servicer incentives (Reuters)
    Reuters - Freddie Mac , the second-biggest provider of funding for U.S. residential mortgages, on Thursday said it is boosting incentives to mortgage servicing companies to help more borrowers renegotiate loans in an effort to curb rising delinquencies. -- read full article
    Thu, 31 Jul 2008 16:46:27 GMT - Yahoo! News: Personal Finance News
    Fidelity's Magellan fund reshuffles finance holdings (Reuters)
    Reuters - Fidelity Investments' flagship Magellan stock fund significantly boosted its holdings in June of insurer American International Group and U.S. investment bank Goldman Sachs , in a big reshuffle of its financial sector exposure. -- read full article
    Thu, 31 Jul 2008 18:32:52 GMT - Yahoo! News: Personal Finance News
    Provisions of housing-mortgage relief bill (AP)
    AP - How the housing bill signed into law Wednesday by President Bush affects homeowners: -- read full article
    Wed, 30 Jul 2008 19:26:27 GMT - Yahoo! News: Personal Finance News
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