Los Angeles Times - Many of the country's top investment banks have taken huge write-offs in recent weeks to cover losses caused by the financial crisis stemming from mounting defaults on sub-prime mortgages, those made to people with poor credit. But the Wall Street ..more

Bloomberg - The longer we wait to help replace interest-only and other exotic mortgages for hard-pressed borrowers with sounder, long-term fixed rates the worse the potential fallout from the current crises. Second, unnecessary foreclosures can lead ..more

MyFinances.co.uk - Mortgage borrowers could be facing a shock this Halloween with fixed rate deals coming to an end and switching to standard variable rates (SVRs). By the end of 2007, 12,000 mortgage holders are expected to see their fixed rate of discount rate ..more

New York Daily News - Financial institutions that extended shaky mortgages have problems of their own. BusinessWeek reports an estimated 130,000 layoffs in the finance sector this year - much of it linked to the collapse of the subprime mortgage market - including ..more

Reuters - TOKYO (Reuters) - The yen inched up across the board on Thursday as investors cut back on risky carry trades after a record quarterly loss at Merrill Lynch on bad investments in U.S. subprime mortgages along with more weak U.S. housing data. Merrill ..more