Exotic mortgages remain popular despite increasing risks
Marketwatch - Such loan innovations allow home buyers to put little money down and make low monthly payments. They've also poured fuel one of the hottest and longest housing booms in the nation's hist (full story)
INSIDE WALL STREET
BusinessWeek - It's not easy to start a commercial bank from scratch. But that's what 100 staffers, including high-level managers, did when they jumped ship from Republic National Bank five years ago. (full story)
Blacks, Hispanics more likely to pay high mortgage rates, study finds
CHARLOTTE, N.C. - Black and Hispanic home buyers are more likely to pay high mortgage rates than White borrowers with similar credit ratings and income levels, an advocacy group found. (full story)
Dollars & Sense
Modesto Bee - WASHINGTON ? Federal Reserve reports on consumer credit for April. WASHINGTON ? Former Federal Reserve Chairman Alan Greenspan testifies about oil dependence and economic risk at a heari (full story)