October 31, 2008
Whipped by crisis, mortgage traders turn to rock
Roughed up by the global credit crunch and Wall Street layoffs, dozens of mortgage bond traders turned their talents to music in a Halloween rock concert that raised about $50,000 for charity.
US-LIFE Summary
Gadgets still a centerpiece of holiday shopping
One in five U.S. homeowners with mortgages in negative equity
Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday shows.
