US banks cut mortgage jobs (Daily Telegraph)
US bank Bear Stearns said overnight it was cutting 310 jobs in its mortgage lending business, making it the latest bank to lay off staff as a result of the lingering subprime mortgage crisis.

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.

Deutsche Bank ? billion mortgage hit (RTÉ News)
Deutsche Bank, Germany's biggest lender, has said it will take charges of around ?.2 billion to cover losses connected with the US mortgage crisis.

Deutsche Bank reports 2.2-billion-euro costs from subprime crisis (AFP via Yahoo! News)
Deutsche Bank, Germany's biggest lender, said Wednesday it would take charges of roughly 2.2 billion euros (3.1 billion dollars) to cover losses connected with the US home-loan crisis.

US regulators shut down online bank (telecomasia.net)
(Associated Press via NewsEdge) NetBank, an online bank with $2.5 billion in assets, was shut down by the US government because of an excessive level of mortgage defaults.