April 21 (Bloomberg) -- National City Corp., Ohio's biggest bank and struggling under the weight of bad subprime mortgages, may receive $6 billion to $7 billion from a group led by Corsair Capital LLC, according to a person familiar with the matter.

With so much media and federal regulatory attention focused on the global credit crunch, especially the securitization of massive pools of home loans, there has been little notice of what's been happening with the market for commercial-mortgage...

The widening housing crisis took center stage on the presidential campaign trail Saturday after the Treasury Department confirmed to the candidates it was preparing a historic seizure of mortgage finance giants Fannie Mae and Freddie Mac.

The Federal Reserve yesterday said it had granted a request by the country's last two major investment banks -- Goldman Sachs and Morgan Stanley -- to change their status to bank holding companies. The Fed announced that it had approved...

Fear the two largest U.S. mortgage finance companies are in such poor health that they need a government bailout pushed financial markets lower on Friday, although stocks pared losses as officials began to talk of safety-net moves for the ailing sector.