Westpac to Help Refinance Rams Home Loans Debt, Buy Franchises (Bloomberg.com)
Oct. 2 (Bloomberg) -- Westpac Banking Corp. will take over Rams Home Loans Group's franchises and its future business after the lender failed to refinance A$6.1 billion in short-term debt two months after listing on the Australian stock exchange.

Westpac to Rescue Rams, Refinance Debt, Buy Branches (Update3) (Bloomberg.com)
Oct. 2 (Bloomberg) -- Westpac Banking Corp. agreed to take over Rams Home Loans Group's branch network and provide A$1.5 billion ($1.3 billion) in funding after the Sydney-based lender failed to refinance its short-term debt.

Analysts doubt impact of raising caps (AP via Yahoo! News)
Efforts in Congress to let mortgage companies Fannie Mae and Freddie Mac refinance more at-risk loans could have a key flaw: many of those loans were made with such loose standards that borrowers are likely to default anyway, analysts said.

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