Bad Credit and Home Refinance (Richfield Reaper)
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit?

Credit Suisse's Dougan Says Mortgage Turmoil May Last (Update2) (Bloomberg.com)
Oct. 3 (Bloomberg) -- Credit Suisse Group Chief Executive Officer Brady Dougan said the market for mortgage credit will be ``problematic'' for as long as 18 months.

CREDIT WRAPUP 3-U.S. Congress calls for 'mortgage czar' (Reuters via Yahoo! Malaysia News)
WASHINGTON/LONDON, Oct 3 - U.S. lawmakers called on Wednesday for a 'mortgage czar' to help cope with an expected wave of foreclosures from the U.S. housing slump but Alan Greenspan said the credit crunch was past the worst.

Wall Street Firms Bested by Credit Market Woes (NPR)
The problems in the housing and credit markets are leading to more layoffs on Wall Street. Investment bank Bear Stearns says it will trim 310 jobs from its mortgage group. Merrill Lynch fired two senior executives.

US lawmakers call for 'mortgage czar' (Stuff)
US lawmakers have called for a 'mortgage czar' to help cope with an expected wave of foreclosures from the US housing slump, but Alan Greenspan said the credit crunch was past the worst.