HBOS warns securitization to stay shut in 2008 - Reuters

HBOS warns securitization to stay shut in 2008 Reuters - 2 hours ago Securitization has been a key route for banks to offload exposure to consumer loans such as mortgages, credit card debt and auto loans, freeing up their …

GMAC 1Q loss widens on declining auto finance income - The Associated Press

GMAC 1Q loss widens on declining auto finance income The Associated Press - 30 minutes ago ResCap lost $682.5 million on the sale of international mortgage loans during the quarter. The lender is restructuring international operations to improve …

Stocks: Ready for Better Times? - BusinessWeek

BusinessWeek

Stocks: Ready for Better Times? BusinessWeek - 10 hours ago … more big losses are still possible not just from subprime mortgages, but home-equity loans, credit cards, auto loans, and many other forms of credit. …

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