Late payments on consumer loans rise (AP)
AP - Late payments on a cluster of consumer loans, including those for autos, home improvement and certain home equity loans, climbed in the summer to their highest point since the country’s last recession in 2001.
The era of easy money is over (FT.com)
FT.com - According to new polls, the economy is the number one issue for American voters. A million homeowners may lose their homes because of the subprime mortgage crisis and millions more face difficulties getting credit. Energy costs are up, consumer confidence is down. We are poised for recession.
30-year mortgages rates decline (AP)
AP - Rates on 30-year mortgages fell last week to the lowest level in a month as investors found new reasons to worry about a possible recession.
Money 70: Best funds
Use these picks to fill any hole in your portfolio.