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When Will the Housing Market Finally Hit the Bottom? -
Rex Nutting
From MarketWatch, October 26, 2007 WASHINGTON (MarketWatch) -- The housing market is just getting worse. Home resales tumbled 8% in September to the lowest levels in this decade, prompting the obvious question: When will it all end?...
Existing Home-Sales Tumble - Lowest Pace In Ten Years -
Tom Barkley
From The Wall Street Journal Online, October 25, 2007WASHINGTON -- Demand for previously owned homes slid more than expected in September amid continued problems in the mortgage market, with single-family sales hitting their lowest sales pace in nearly 10 years...
Caution is the Key Word In This Uncertain Market -
James B. Stewart
From The Wall Street Journal Online, October 25, 2007And you thought the credit crisis was over? Like most investors, I'm delighted when markets rise -- even when I can't figure out why. Until last week, that's how I was feeling. Since the market bottomed on Aug. 16, in the midst of...
Mortgage Industry Facing More Troubles -
STEPHEN BERNARD,AP
From the Associated Press, Posted: 2007-10-27 01:04:33NEW YORK (AP) - In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad - and most of them expect it to get worse...
Burned by Real Estate, Some Just Walk Away -
Kemba J. Dunham and Rachel EmmaSilverman
From The Wall Street Journal Online, October 19, 2007During the height of Las Vegas's real-estate boom two years ago, property investor Rob Rozzen bought 16 homes, hoping that skyrocketing prices would pump up his retirement nest egg...
Housing Slump May Persist For at Least Another Year -
Amy Hoak
From MarketWatch, October 18, 2007BOSTON (MarketWatch) -- The Mortgage Bankers Association predicts the housing recession will last until the end of the third quarter next year. And if confidence isn't restored in the credit markets, the wait could extend until 2009, the group's chief economist said...
Foreclosure fixes: what’s being done (and suggested) to help homeowners facing foreclosure -
October 22, 2007There are a number of "fixes" (some say bail-outs) for the foreclosure crisis – which is only going to get worse, as 2.5 million more homeowners face adjusting rates before the end of 2008...
Subprime Mortgages Will Return, But With Some Changes -
Amy Hoak
From MarketWatch, October 23, 2007BOSTON (MarketWatch) -- Although "subprime" has become a four-letter word in the country's collective lexicon and no one is sure when the credit crisis that was spawned by a meltdown in the risky lending sector will ease, mortgage bankers say you can count on this: Subprime shall return.
New bankruptcy law little help to creditors -
Gannett News Service
Originally posted on October 21, 2007WASHINGTON — Congress voted to change the bankruptcy code to require more people to pay some of what they owed because a majority of lawmakers believed Americans were using bankruptcy as an easy way out of debt...
Study Shows Timely Payments On New Mortgages Rise -
James R. Hagerty
From The Wall Street Journal Online, October 22, 2007In a glimmer of good news for the U.S. home-mortgage market, more people are managing to keep up with payments on loans made in recent months, according to new data from First American LoanPerformance, a San Francisco research firm...
Bush Officials Launch Mortgage Coalition -
Kemba J. Dunham and Rachel EmmaSilverman
From The Wall Street Journal Online Thursday, October 11, 2007; Page D08Responding to the rise in foreclosures, the Bush administration yesterday announced the creation of a mortgage industry coalition to "step up efforts" to prevent people from losing their homes...
Merrill Lynch posts $1 billion Q3 loss on subprime mortgages -
Inman News
Wednesday, October 24, 2007Subprime, CDO write-downs total nearly $8 billion...
Lenders Curb New Mortgages In Weaker Housing Markets -
Ruth Simon
From The Wall Street Journal Online, October 24, 2007Some lenders are now making it tougher for borrowers in softening housing markets to get a mortgage...
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