Freddie Mac reported a $25 billion quarterly loss Friday that forced the mortgage finance giant to tap $100 billion in bailout money set aside by the government.

Japan is closely working with the U.S., its most important ally, to tackle soaring oil and food prices, the main topics of an international meeting starting Friday, Japan's finance minister said.

HOME loans are becoming harder to get as traditional sources of funding for lenders evaporate. Australia's banks and financial institutions have been selling up to half of all home mortgages to overseas investors in order to raise the necessary funds to

Sept. 24 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson 's bailout plan hinges on answering the question that has vexed global markets for more than a year and sunk two securities firms: What's a bad mortgage worth?

May 16 (Bloomberg) -- Fannie Mae , the largest U.S. mortgage- finance provider, will stop requiring bigger down payments in regions where home prices are dropping, responding to criticism from consumer and industry groups who said the company is exacerbat