Washington Mutual profit falls 72 pct on loan loss (Reuters via Yahoo! News)
Washington Mutual Inc , the largest U.S. thrift and one of the nation's largest home loan providers, said on Wednesday third-quarter profit fell 72 percent, hurt by mounting losses and write-downs related to mortgages.

(AFX UK Focus) 2007-10-17 00:46 GMT: Australia's Westpac to acquire Rams Home Loan's distribution business (Interactive Investor)
SYDNEY (Thomson Financial) - Australia's fourth-largest bank, Westpac Banking Corp Ltd, said Wednesday it will proceed with the 140 million Australian dollar acquisition of troubled home lender Rams Home Loan Group Ltd's franchise distribution business after completing due diligence.

Federal Home Loan Bank of Boston Celebrates 75 Years of Service (PR Newswire via Yahoo! Finance)
The Federal Home Loan Bank of Boston , a cooperatively owned, wholesale bank for financial institutions throughout New England, celebrates its 75th anniversary this month. The Bank opened its doors as the Federal Home Loan Bank of Cambridge on October 15, 1932.

Loan provisions blamed as Sovereign profit slips (Courier-Post)
Regional bank Sovereign Bancorp Inc. said Wednesday its third-quarter earnings fell 68 percent hurt by an increase in loan-loss provisions resulting from problems in its nonprime home equity portfolio and indirect auto lending business.

Bill toughens oversight of home loan originators (Boston Globe)
Anti-foreclosure legislation set for a House vote Wednesday would seek to regulate non-bank loan originators by requiring them to pay a $750 annual fee for a state license, in the latest attempt to help struggling homeowners.

CIT Posts Third-Quarter Loss on Home Lending Shutdown (Update3) (Bloomberg.com)
Oct. 17 (Bloomberg) -- CIT Group Inc., the largest independent commercial finance company in the U.S., reported a third-quarter loss of $38.8 million, dragged down by costs of closing its subprime home-loan unit.

Wells Fargo hit by home loan woes (Whittier Daily News)
SAN FRANCISCO - Wells Fargo & Co.'s profit grew at its slowest pace in more than six years during the third quarter, dragged down by deteriorating home loans likely to cause more trouble in the months ahead.

Home loan problems slow Wells Fargo's profit growth (Houston Chronicle)
Wells Fargo & Co.'s profit grew at its slowest pace in more than six years during the third quarter, dragged down by deteriorating home loans likely to cause more trouble in the months ahead. The story was similar at U.S. Bancorp, whose earnings slipped by 2 percent amid a traumatic housing downturn that economists say is threatening to yank the economy into a recession.

Bill toughens oversight of home loan originators (WPRI 12 Providence)
BOSTON (AP) - Anti-foreclosure legislation set for a House vote tomorrow (Wednesday) would seek to regulate non-bank loan originators. It would require companies to pay a $750 annual fee for a state license.

Bill toughens oversight of home loan originators (The Standard-Times)
BOSTON — Anti-foreclosure legislation set for a House vote Wednesday would seek to regulate nonbank-loan originators by requiring them to pay a $750 annual fee for a state license, in the latest attempt to help struggling homeowners.