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SocGen 1Q net drops on exposure to US mortgages (AP via Yahoo! News)
French bank Societe Generale SA said Tuesday that write-downs linked to the crisis in financial markets led to a 23 percent decline in first-quarter profits.

Libor Poised for Shake-Up as Credibility Is Doubted (Update2) (Bloomberg.com)
May 13 (Bloomberg) -- The benchmark interest rate for $62 trillion of credit derivatives and mortgages for 6 million U.S. homeowners faces its biggest shakeup in a decade as lawmakers question if banks are understating borrowing costs.

Guy Hands Rejects Bank LBO Debt Offers, Sees Subprime Parallels (Bloomberg.com)
May 13 (Bloomberg) -- British financier Guy Hands said private equity firms that are buying leveraged buyout loans risk repeating the mistakes of investors in subprime mortgages.

SocGen 1Q net drops on exposure to US mortgages (San Francisco Chronicle)
French bank Societe Generale SA said Tuesday that write-downs linked to the crisis in financial markets led to a 23 percent decline in first-quarter profits. Net profit fell to 1.1 billion euros ($1.7 billion) in the first quarter, from 1.43 billion euros a...

No-money-down mortgages are still happening (MSNBC)
You probably thought nothing-down mortgage loans disappeared in the wake of the American subprime lending crisis, which ensnarled much of the world in a credit crunch.

Forty-year mortgages spark concerns (The Globe and Mail)
Canadians are flocking to 40-year mortgages, often without a down payment, and the rapidly developing trend is beginning to ring alarm bells for policy makers in Ottawa.

Forty-year mortgages spark concerns (The Globe and Mail)
There is concern that people are paying more in interest than is affordable

78% take fixed rate mortgages in April, says John Charcol (Money Marketing Online)
John Charcols mortgage monitor has found that 78 per cent of mortgages were arranged on a fixed rate in April, up from 64 per cent of borrowers in March. ...

MBIA posts huge loss on credit derivatives (Reuters via Yahoo! News)
MBIA Inc , the world's largest bond insurer, posted a quarterly loss of $2.4 billion on Monday as it took charges on billions of dollars of exposure to bonds linked to subprime mortgages.

Sakana offers mortgages for Porta Reef - Bahrain (MENAFN)
Sakana offers mortgages for Porta Reef - Bahrain