SACRAMENTO Subprime home loans subject to tighter rules The California Assembly has approved legislation that attempts to head off more housing foreclosures by putting some restrictions on the use of subprime loans.

The California Assembly has approved legislation that attempts to head off more housing foreclosures by putting some restrictions on the use of subprime loans.

The California Assembly has approved legislation that attempts to head off more housing foreclosures by putting some restrictions on the use of subprime loans. The bill by Assemblyman Ted Lieu, a Democrat from Torrance, would prohibit lenders from offering...

During the housing heyday, Wall Street demand for subprime loans created a big opportunity for mortgage brokers to rack up piles of fast money in a thinly regulated industry. But some brokers have found a new calling: helping homeowners through housing nonprofits.

RESCUE PROPOSALS $10 billion in tax-exempt bonds to refinance subprime loans. $4 billion to local governments to buy foreclosed properties.

ZURICH (Reuters) - Swiss bank UBS has revealed $26.6 billion in exposure to risky U.S. mortgages distinct from subprime loans, increasing its vulnerability to the global credit crisis and sending its shares sharply lower.

WASHINGTON (AP) -- With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for steering people toward risky subprime loans.

WASHINGTON (AP) -- With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for steering people toward risky subprime loans.

Latinos and African-Americans who bought homes or refinanced mortgages in the San Jose metropolitan area last year were much more likely than white borrowers to get subprime loans, according to a study scheduled for release today.