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Subprime Loan Crisis

Bush Officially Announces Plan To Freeze Interest Rates

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

President Bush announced on Thursday a plan to freeze interest rates for five years for hundreds of thousands of strapped homeowners whose mortgages a...

Subprime Crisis Forces UBS To Write Down $10 Billion

AP | ERNST E. ABEGG | Posted 05.25.2011 | Business

Swiss banking giant UBS AG said Monday it will write off a further $10 billion on losses in the U.S. subprime lending market and will raise capital by...