Hot finance topics

A wave of foreclosures could be prevented if the largest federal home-ownership program were open to more delinquent borrowers, according to a study being mulled by the nation’s largest mortgage investor group.
The study circulated within the American Securitization Forum and obtained by Reuters says more than 600,000 troubled homeowners could win new mortgage […]

Delta Apparel Inc. continued to run in the red in the second quarter of fiscal 2008, following $2 million in costs related to its ongoing restructuring plan.
The Duluth, Ga.-based clothing company (NYSE: DLA) posted a net loss of $2.8 million on $68.8 million in sales, compared with net income of $633,000 on $72.9 […]

Stocks tumbled Tuesday afternoon after the chief executive of the nation’s largest phone company, AT&T, suggested a weaker economy was forcing consumers to scale back spending.
The market was up modestly earlier in the day, but was rattled by the warning from AT&T and rumors that Countrywide Financial, the nation’s largest mortgage company, might seek bankruptcy […]