Mortgage writedowns continue at banks (AP via Yahoo! News)

WASHINGTON (MarketWatch) -- When it comes to protecting mortgage borrowers, who can do a better job, Washington or the states?
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HSBC mortgage takes $3.4B charge in US (AP via Yahoo! News)

HSBC Holdings PLC will take a $3.4 billion charge against third-quarter profits because of accelerating losses at its HSBC Finance Corp. mortgage business in the United States, the company said Wednesday.

Mortgage applications rise, rates near lows: group (Reuters via Yahoo! News)

Mortgage applications rose last week, with demand hitting its highest level in nearly a year as interest rates hovered near recent lows, an industry group said on Wednesday.
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GE Bond fund reports mortgage-related woes (Market Watch)

HONG KONG (MarketWatch) -- A bond fund run by General Electric Asset Management has sustained losses in mortgage and asset-backed securities and will offer investors redemption below par, according to media reports.

HSBC mortgage losses rise in US (AP via Yahoo! News)

HSBC Holdings PLC, Europe's biggest bank, reported another big hit from exposure to the U.S. mortgage crisis Wednesday and warned that bad debts could increase if the U.S. housing market weakens further.