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National City to fold home equity unit into mortgage division (bizjournals.com via Yahoo! Finance)
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National City Corp. is going to close its National Home Equity business unit and consolidate some of its operations and workers into its National City Mortgage unit, the company announced Thursday.

National City joins home equity, mortgage units (Pittsburgh Post-Gazette)
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National City Corp. announced yesterday that it was merging its broker-based home equity lending unit into its bank-based mortgage operations.

WEEK IN REVIEW National City shuts home equity division: (The Plain Dealer)
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In the latest blow to the struggling mortgage industry, National City Corp. shut down its 450-employee home equity division. About 300 of the jobs are in Greater Cleveland.

US private equity giant says mortgage losses may hit 290 mln dlrs (AFP via Yahoo! News)
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KKR Financial Holdings, an affiliate of US private equity giant Kohlberg Kravis Roberts and Co., said Wednesday it would lose 40 million dollars from the sale of a mortgage portfolio, but warned its losses could balloon to 290 million dollars.

National City to Merge National Home Equity into National City Mortgage Company (PR Newswire via Yahoo! Finance)
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In a move to streamline its mortgage operations, National City Corporation today announced that it is integrating its National Home Equity business unit into National City Mortgage Company.

Mortgage fallout's ripple effect raises the stakes for borrowers (Los Angeles Times)
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WASHINGTON -- The mortgage credit crunch is not only affecting interest rates that home buyers are quoted, but also is triggering changes in less visible areas such as minimum credit scores, geographic location and types of properties, even controls on who orders credit reports.

Are mortgage stocks now a bargain? (Denver Post)
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Some investors see the troubles in the mortgage and real estate industries as an opportunity to go bargain hunting for depressed but basically solid stocks.

US private equity giant says mortgage losses may hit 290 mln dlrs (AFP via Yahoo!Xtra News)
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WASHINGTON (AFP) - KKR Financial Holdings, an affiliate of US private equity giant Kohlberg Kravis Roberts and Co., said Wednesday it would lose 40 million dollars from the sale of a mortgage portfolio, but warned its losses could balloon to 290 million dollars.

Mortgage firm files for bankruptcy (Daily Local News)
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NEW YORK (AP) โ€” American Home Mortgage Investment Corp. filed for bankruptcy protection on Monday and two other mortgage lenders said they were not accepting new applications, signs that the worst housing crunch in decades could be widening.

US private equity giant says mortgage losses may hit 290 mln dlrs (TODAYonline)
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Construction workers work on the rooftop of a new home under construction in Centreville, Virginia, May 2007. KKR Financial Holdings, an affiliate of US private equity giant Kohlberg Kravis Roberts and Co., said Wednesday it would lose 40 million dollars from the sale of a mortgage portfolio, but warned its losses could balloon to 290 million dollars.