Project Lifeline: Bank of America, Citigroup, Countrywide, JP Morgan, Washington Mutual & Wells Fargo united to create Project Lifeline program to help the Mortgage payment crisis.

Low interest rates, rising home values and lax mortgage lending standards created the perfect storm of lending fraud.

In response to higher than expected mortgage rate increases last week, Australian treasurer Wayne Swan flagged changes to banking regulations to increase competition between lenders on home mortgages.

US Federal Reserve chairman Ben Bernanke says he sees a high degree of uncertainty in the US economic outlook, but is worried that strains in financial markets may lead to broader problems.

After enjoying its biggest one-day rise in 11 weeks yesterday, the Australian share market lost some ground today. News that the subprime mortgage crisis could further affect earnings for some US financial companies caused a negative response on Wall Street and this sentiment flowed through to local stocks.

Minority and housing activists in the United States say unethical lending practices and consequent foreclosures are hurting minority groups disproportionately.

The Australian share market continued a disappointing week, losing ground for a third consecutive day on the back of persistent credit problems in the United States.

The Attorney-General in New York has subpoenaed two government-funded investment banks to testify about the recent mortgage loans crisis in the US.

The mortgage crisis that shocked the world in recent months still keeps the international markets vulnerable, the Bank of England said Thursday.

So how far into this mortgage crisis are we? Is it possible that more mortgage lenders will fall victim to the sub-prime mortgage crisis? Let's ask Decision One Mortgage how they are doing.