FT.com - Gordon Brown, the UK prime minister, is to deflect criticism that his government is subsidising a knock-down sale of mortgage-lender Northern Rock by proposing that the taxpayer gets a slice of any windfall profits made by a private buyer.

FT.com - The Bank of England left interest rates unchanged at 5.5 per cent on Thursday, as fresh evidence emerged that mortgage borrowers are not yet getting the full benefit of December

FT.com - The White House is working on a plan to freeze interest rates on certain subprime home loans, though it faces significant hurdles that could derail its implementation, according to industry executives and others familiar with the situation.

FT.com - Fears that the housing market slowdown could lead to widespread falls in property prices deepened on Wednesday after Land Registry data showed the long-exuberant London market was weaker than any other region in October.

AFP - German bank IKB, saved from the brink of bankruptcy three months ago, could announce more losses from the US subprime crisis, a press report said Friday.