What's in your mailbox? Chances are, fewer credit-card applications. ...more

June 3, 2008

The Federal Reserve reported Monday that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis. ...more

May 6, 2008

Countrywide Financial Corp. said Friday that home loan delinquencies and foreclosures rose in January as more borrowers struggled to make their mortgage payments. ...more

February 16, 2008

A fourth-quarter $422 million loss reported by Countrywide Financial Corp. on Tuesday did not appear to scare off Bank of America. ...more

January 30, 2008

Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under the weight of a slowing economy. The major indexes each lost more than 1 percent, including the Dow Jones industrials, which finished down nearly 250 points. ...more

January 12, 2008

Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans rose last month, signaling worsening trouble for the nation's largest mortgage lender and the entire mortgage sector. ...more

January 10, 2008

Regional bank National City Corp. said Wednesday it is slashing its dividend by half and shutting its wholesale mortgage division, eliminating 900 jobs, because of weakened housing and credit markets. ...more

January 3, 2008

Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages in the past year and prompting warnings of worse to come. ...more

December 24, 2007

I try to provide advice to keep people from plunging into debt during the season of shopping madness. ...more

December 2, 2007

Fannie Mae's third-quarter loss more than doubled to $1.4 billion, the mortgage finance company said Friday, while forecasting industry troubles through 2008 because of mounting home loan delinquencies. ...more

November 10, 2007