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?

Mortgage crisis - Business and Technology (The Weber State University Signpost)
With the mortgage industry in upheaval and lenders tightening the restrictions on borrowers, what does it take to get a loan to buy a house? Until recently there were many loan products and programs tailored to those with little or no credit or 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.

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.

In Lewisboro (Lewisboro Ledger)
"Mortgage meltdown" and "credit crunch" are terms now all too familiar to area homeowners. Every week seems to bring an onslaught of more bad news and negative statistics about the state of the national credit markets.