A former Credit Suisse banker has been found guilty of fraud after deceiving investors into buying risky investments that led to $1bn (£610m) of losses.
KPMG is being sued for $1bn by creditors of a sub-prime lender for failing to properly audit the collapsed firm.
The Mortgage Times has announced it will offer free valuation and legal services and a range of First National mortgages.
George Bush says the US Congress will pass a proposed bail-out plan for Wall Street banks.
More than two thirds of brokers have been unable to source a mortgage for a client over the past two months.
Washington Mutual (WaMu) bank has been closed and sold to JP Morgan Chase after suffering a bank run during the past fortnight.
Sub-prime mortgage borrowers are facing large increases in their monthly mortgage payments if they cannot secure a new deal, according to Moneyfacts.co.uk.
The number of mortgage products available in the UK has fallen by over two thirds in the past twelve months, according to Moneyfacts.co.uk.
Edeus is offering cash back to selected customers if they repay their mortgage balances.
The majority of mortgage brokers are finding it difficult to find a loan for one or more standard status customers, a survey suggests.