Reuters - E*Trade Financial Corp , the U.S. discount brokerage hardest hit by the mortgage market meltdown, reported a steep loss from continuing operations in the third quarter as it boosted by nearly $200 million the amount set aside to cover loan losses.
Reuters - Top Republicans in the U.S. House of Representatives on Tuesday called for the appointment of a special counsel to investigate "fraud and mismanagement" at troubled mortgage giants Fannie Mae and Freddie Mac.
AP - National City Corp. on Tuesday reported a third-quarter loss and said it will cut 4,000 jobs, as the regional bank continues to struggle amid the ongoing downturn in the mortgage and credit markets.
