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UK home repossessions up 12 pct in 3Q from 2Q (AP) AP - Home repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial crisis is taking its toll on households and the ailing housing market. Fannie Mae, Freddie Mac halting foreclosures (AP) AP - Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. Banks, raters face subprime lawsuits and new rules (Reuters) Reuters - The U.S. subprime mortgage crisis has sparked more than 250 class action suits against Wall Street banks and rating companies and will lead to rising regulation in 2009, top litigators said on Thursday. Housing agency loosens foreclosure aid rules (Reuters)
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