Westpac buys Australian mortgage lender's operations (International Herald Tribune)
Westpac Banking will buy the brand and distribution business of Rams Home Loans Group, snapping up assets of the lender which struggled to refinance its debt after the U.S. subprime mortgage crisis.

Lender to face harassment suit (The Sacramento Bee)
An attorney for six women who alleged harassment at subprime lender BNC Mortgage's Sacramento office said he expects the case to go to court in a year, following a state appeals court ruling that the plaintiffs could sue.

AllRegs Acquires Lender E-Source (Business Wire via Yahoo! Finance)
EAGAN, Minn.----AllRegs, the leading information provider for the mortgage lending industry, announces the acquisition of Lender E-Source, a web-based purveyor of mortgage lending product and underwriting guidelines.

Mexico's Largest Mortgage Lender Chooses Novell for Key Business System (PR Newswire via Yahoo! Finance)
The Instituto del Fondo Nacional de la Vivienda , Mexico's largest mortgage lender, has tapped SUSE?Linux Enterprise from Novell?as its platform for customer transactions.

Countrywide ordered to provide internal records (Reuters via Yahoo! News)
Countrywide Financial Corp was ordered to turn over internal records to a pension fund that says the mortgage lender may have manipulated stock options granted to top executives.