Abbey pulls last 100% mortgages

US favours tighter mortgage rules
US Treasury Secretary Henry Paulson calls for a revision to mortgage rules, to avoid another credit crisis.

Fannie Mae hit by housing gloom
US mortgage giant Fannie Mae posts $3.55bn (£1.8bn) loss for its last three months to end of December.

Lender moves to debt collection
Mortgage and loan company London Scottish says it will end its lending operation to focus on debt collection.

US Senate plans home lending bill
The US Senate is to introduce legislation to give borrowers more protection from high-cost home loans.

Property 'no solution' to debts
Borrowers are wrong to pin their hopes on house prices or insolvency to fix their debt problems, a report warns.