Capital Yacht Club is home to Craig and many others (The Idaho Statesman)
WASHINGTON �When he is not at the Capitol, Sen. Larry Craig spends much of his time aboard the Suz II, the 42-foot yacht that serves as his Washington home. Further down D Dock at the Capital Yacht Club, his fri

Bear Stearns to lay off 310 (Montgomery Advertiser)
NEW YORK -- Bear Stearns Cos. said Wednesday it is laying off 310 workers and fusing its two mortgage businesses, after turmoil in the home loan industry contributed to a dramatic slide in the investment bank's profit this summer.

WaMu leans on mortgage brokers (Seattle Post-Intelligencer)
Washington Mutual Inc. is now requiring that mortgage brokers show that they disclosed lending terms to borrowers as a record number of Americans face losing their homes to foreclosure.

Democrats Want Fannie, Freddie to Buy Subprime Loans (Update2) (Bloomberg.com)
Oct. 3 (Bloomberg) -- Fannie Mae and Freddie Mac, the largest U.S. mortgage-finance companies, would be allowed to expand their $1.5 trillion mortgage portfolio to buy subprime loans under a Democratic plan to help struggling borrowers.

Dodd Prods Bush on Mortgages (HispanicBusiness.com)
WASHINGTON -- With the Democratic leaders of Congress at his side, Sen. Chris Dodd once again called on the Bush administration to flex its muscles in support of homeowners facing foreclosure.