2ND UPDATE: Democrats Press For More Aid To Mortgage Borrowers (Nasdaq)
WASHINGTON (Dow Jones) -- Top Senate and House Democrats pressed for more aid to subprime-mortgage borrowers Wednesday, saying more funding is needed to prevent foreclosures and urging for portfolio caps on Fannie Mae and Freddie Mac to be lifted, among other measures.
2ND UPDATE: UK House Prices Decline For The 1st Time In 2007 (The Forex Market)
(Updates with analyst comment.) LONDON (Dow Jones)--U.K. house prices fell in September for the first time since December last year, confirming that the housing market is slowing, lender Halifax said Wednesday.
Follow the Money for Promotional Products Profits (Impressions Magazine)
Given the ups and downs of various markets, it pays to be nimble and not put all your eggs into one basket. Oct 4, 2007 If much of your promotional products business during the past few years has been in the construction and financial sectors, then you may be feeling the pinch of the subprime mortgage mess right about now.
Fall parade of homes set for Oct. 20 (Logan Herald-Observer)
The 2nd Annual Fall Parade of Homes will soon showcase all that Harrison County has to offer.
2ND UPDATE: UBS Pegs Hit From Subprime At $3.4 Billion; 1,500 Jobs To Go (Nasdaq)
LONDON (Dow Jones) -- UBS will take a third-quarter write-down totaling 4 billion Swiss francs ($3.4 billion) tied to its subprime mortgage exposure and plans sweeping management changes and job cuts in its investment-banking division, the Swiss banking giant said Monday.