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Loan firm leaders say credit crisis worst to come  The leaders of an Oklahoma City company that markets huge portfolios of bank loans saw the subprime mortgage crisis coming. And now they perceive more misery. How bad is the current credit crisis going to get? "You don't want to know,�� said Bliss Morris, chief executive officer of First Financial Network. "It's a tidal wave.�� First Financial Network, based in Oklahoma City, is the nation's ...

Mortgage Company Employee May Have Sold Names  Families across the country are receiving letters saying someone from their mortgage company may have sold their personal information.

Chatzky: Raiding the 401(k) is an unwise move  With people behind on mortgage payments and credit card bills, and short on cash for basics like gas and food, some are taking desperate measures. Raiding your 401k, or 403b, is one way to get quick cash, but in most situations it is a bad idea.

Webster Bank loses $12.5 million in bad construction loans  Webster Bank announced plans Tuesday to open flagship branches in Boston and Providence, R.I., even as its parent company said it expects to take a bigger hit from bad loans in the third quarter.

State probes Fossil Butte Drive mortgage-fraud allegations  Belinda Gardner thought it was too good to be true when a mortgage broker offered to pay her $20,000 if she would buy a new house on Fossil Butte Drive in northeast Colorado Springs and promise to live in it, even though she had no intention of moving.

Mortgage crisis still squeezing WaMu  Washington Mutual says it will take another multibillion write-down for bad bets on mortgage securities but insists it has adequate capital to fund its operations amid concern about the thrift's financial stability.

Activists alarmed over Pa. bill to allow for-profit credit counseling  Suppose you're in a financial jam. You've maxed your credit cards, they're about to repossess your car. Then you see a cable-TV ad offering one easy payment to pull you out of the mess.

Fed eases access to emergency credit   The Federal Reserve has announced new steps to ease access to emergency credit for struggling financial companies, by broadening the collateral to be used for central bank loans.

Fed wades into credit mess with broad plan  WASHINGTON �� The Federal Reserve announced several steps late Sunday to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.

Stocks rally on plan for mortgage giants  NEW YORK �� Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government��s move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained nearly 300 points.