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Wed Aug 13 2008
Aussie Bank to Bring America's Biggest Bankers to Their Knees? (thetrumpet.com)
"Like a long, slow car crash to work through the housing situation" (bloomberg.com)
MLS missing large amounts of distressed inventory (sacrealstats.blogspot.com)
One Third of New "Owners" Owe More Than House Is Worth (bloomberg.com)
Energy burden weighs down more middle-class houseowners (marketwatch.com)
Prime Mortage Defaults Accelerate (money.cnn.com)
Freddie Mac to Stop Buying Subprime Loans in N.Y. State (bloomberg.com)
FDIC Fund Strained by Bank Failures May Lift Premiums (bloomberg.com)
Depositor vigilance needed in crisis time for banks (palmbeachpost.com)
Despite cuts, dividend investors find high yields (marketwatch.com)
How Information is changing the Real Estate Industry (mybudget360.com)
Zillow Sounds U.S. Housing Alarm (redherring.com)
CA Central Valley leads nation's housing price collapse (centralvalleybusinesstimes.com)
House values hold in few places in Bay Area (sfgate.com)
Starving Real Estate Brokers Forget Own Role In Causing Bubble (newsweek.com)
Tue Aug 12 2008
Crash Payoff: Affordable Housing, Disposable Income (Charles Hugh Smith)
Federal Reserve finds deepening credit crisis (biz.yahoo.com)
The Future Is Frugality and Deflation (Mish)
ALT A is Broken? Really? (patrick.net)
Realty Trac Underreports US Joint Economic Committee Data (mainebubble)
Pre-foreclosure Filings Set Record in July (businesswire.com)
Unwanted Neighbors Result Of Housing Bust (nytimes.com)
Housing Market Getting Worse, Not Better (seekingalpha.com)
Housing's Worst May Lie Ahead (fool.com)
In California, foreclosure's next wave? (csmonitor.com)
Houses come off market as average price in Mich. plummets (freep.com)
FDIC won't say if your bank is safe - find out yourself (geldpress.com)
Selling a Dallas House in a Down Market (marketwatch.com)
Economic slump battering marriages (vvdailypress.com)
101 Tips for the Upside-Down Houseowner (intlistings.com)
The Web as Real Estate Trove (nytimes.com)
How Fannie lost billions, house by house (suntimes.com)
Fannie Mae, Freddie Mac Look Close to Terminal (washingtonindependent.com)
Priciest of houses not immune to crunch (lasvegassun.com)
Thank You Repo4sale ($5) for your kind donation.
Mon Aug 11 2008
Prices stabilize last, after sales volumes and foreclosures (news.yahoo.com)
Don't Just Do Something, Stand There (seekingalpha.com)
Banks tightening their credit standards (money.cnn.com)
Mortgage Rates Creeping Up, Crimping Affordability (nytimes.com)
TIPS Show Inflation Expectations at Lowest Level in Five Years (bloomberg.com)
Fannie Mae, Battling Losses, to End Alt-A Mortgages (bloomberg.com)
Mortgage Fraud Giants to Buy Fewer Risky Loans (nytimes.com)
Paulson Says No Plans to Add Cash to Fannie, Freddie (bloomberg.com)
Fannie and Freddie defeated responsible lending laws (newsweek.com)
Stockton CA is Foreclosure Town, USA (guardian.co.uk)
America's Most In-Debt Households (finance.yahoo.com)
California Tax Board Forcing You To Pay Speculators' Taxes (patrick.net)
Why bother with Oakland? To escape the cube! (nothingugly.com)
I.O.U.S.A.: The Movie (iousathemovie.com)
Lost US sovereignity (nypost.com)
How Canada stole the American Dream (macleans.ca)
Economists Try To Find Right Price For A House (nytimes.com)
Did lender to the desperate cheat his investors? (ocregister.com)
Real estate brokers settle Calif. kickbacks suit (sfgate.com)
Subprime Blues : Lyin' on the Docs 'bout My Pay (youtube.com)
Thank You Gale G. ($50), Repo4sale ($5), Dave B. ($25) and Michael M. ($25) for your kind donations.
Fri Aug 8 2008
Accounting Games Mask True Financial Pain (finance.yahoo.com)
Housing Bill - Legislating Private Profits (solari.com)
Housing crisis: No funny money (seattlepi.nwsource.com)
Fannie, Freddie Reality: The Big Bailout Is Coming (Mish)
Freddie Mac's Big Loss Dims Hopes of Turnaround (nytimes.com)
Freddie Mac's negative net worth raises questions (reuters.com)
Greenspan Blasts Housing Bubble He Helped Create (seekingalpha.com)
Inflation Nation and the Fed tightrope (geldpress.com)
8 who saw the crisis coming... and 8 who didn't (money.cnn.com)
Wachovia sees O.C. house prices dropping 20% (mortgage.freedomblogging.com)
New York City Housing Slump May Hit In 2009 (nysun.com)
Record Foreclosures Sweep CA in July (mrmortgage.ml-implode.com)
Canadian housing enters a 'sustained downturn' (financialpost.com)
After binge, England suffers almighty mortgage hangover (telegraph.co.uk)
US housing slump 'worst since 1930s' (guardian.co.uk)
Nothing Helps Munis Amid Record High Interest Rates (bloomberg.com)
Could Your Bank Fail? (lewrockwell.com)
Desire for Safety Made Financial World Risky (seekingalpha.com)
Foreclosure refugees not renting apartments (lansner.freedomblogging.com)
Thank You Laura C. ($27) for your kind donation.
Thu Aug 7 2008
Housing values propped up by wishful thinking (marketwatch.com)
Houseowners delusional on value of property (sfgate.com)
Conservatives give up on personal responsibility, fund government bailouts (finance.yahoo.com)
Budget Showdown In California (Mish)
Florida property values face unprecedented decline (hosted.ap.org)
Hawaii median house sale prices drop 3.1 percent on Oahu (honoluluadvertiser.com)
How Andrew Cuomo Gave Birth to Crisis at Fannie and Freddie (villagevoice.com)
The last hurrah for the banking system (onlinejournal.com)
Morgan Stanley Said to Freeze House-Equity Credit Withdrawals (bloomberg.com)
Countrywide sued by Connecticut over loans, fees (reuters.com)
Greenspan Almost Childlike (istockanalyst.com)
Builder decries elimination of seller-funded down-payment aid (marketwatch.com)
Economists Plumb the Depths of the Downturn (nytimes.com)
Invest In Defence In A Housing Crash (anorak.co.uk)
North Dakota's real-life Jed Clampett (cnn.com)
Thank You Mark S. ($10) for your kind donation.
Wed Aug 6 2008
Sponsoring Recklessness: Fannie And Freddie (newyorker.com)
At Freddie Mac, Chief Discarded Warning Signs (nytimes.com)
Fannie Mae to Lift Mortgage Fees, Raising Loan Costs (bloomberg.com)
Fed Holds With One Dissent (Mish)
Greenspan won't face the music (atimes.com)
US Treasury and Fed complicit securities fraud? (solari.com)
Roubini: Bank Losses Close to $2 Trillion (money.newsmax.com)
Is the U.S. Banking System Safe? (seekingalpha.com)
Banks Pretend Borrowers Can Pay (patrick.net)
Rent or Buy? Craigslist and Realtor.com (reochronicle.com)
Why the 2008 Housing Relief Bill is No Relief (seekingalpha.com)
U.S. Farmland Values Reach Record High (bloomberg.com)
Denver new-house sales plummet (denverpost.com)
Condo With Trash Heap, No Power Could Be Evacuated (nbc6.net)
Gas Prices Apply Brakes To Suburban Migration (washingtonpost.com)
Case-Shiller Home Price Indices and Futures (zoyzoy.com)
Meredith Whitney: Much bigger house prices declines ahead (youtube.com)
Thank You Daniel K. ($10) for your kind donation.
Tue Aug 5 2008
Credit crunch far from over (money.cnn.com)
US housing bill will not save economy (business24-7.ae)
Goldman Downgrades Economic Outlook (cnbc.com)
Fannie faces glut of unsold houses (chicagotribune.com)
The Bigger Bubble Still Has Yet To Pop (huffingtonpost.com)
Time For Next Wave Of Loan Defaults And Bank Failures (nuwireinvestor.com)
Homedebtors rent out property as they wait for a better market (latimes.com)
Credit Crunch Anniversary and Mega Trends Investing (marketoracle.co.uk)
Builder CEO says housing bill 'no silver bullet' (marketwatch.com)
Should I Buy or Sell? Seven Considerations (Charles Hugh Smith)
Delinquent US property loans rise in June (reuters.com)
Yes, That's $2 Trillion of Debt-Related Losses (rgemonitor.com)
Has suburbia turned onto a dead-end street? (timesunion.com)
Glenn Beck: Realtors are LIARS (youtube.com)
What Goes Up Must Come Down (PDF - patrick.net)
Bank Robbery 2008 Style (jsmineset.com)
Mon Aug 4 2008
I Want A House Price Crash! (fool.co.uk)
Finding Bottom: Why Prices Won't Stop Falling (findingbottom.blogspot.com)
Housing Lenders Fear Bigger Wave of Loan Defaults (nytimes.com)
Why the Fannie Bail Out is Bad Policy (counterpunch.org)
Bailing Out the Bad Guys: What Congress and Bush Do Best (thenation.com)
Big housing bill: no rescues soon (csmonitor.com)
Housing investment off $305 billion from 06 peak (lansner.freedomblogging.com)
Florida bank is 8th closed by FDIC (money.cnn.com)
U.S. May Be in Very Long Recession (bloomberg.com)
Greenspan Says Housing Prices Not Yet Near Bottom (bloomberg.com)
The Credit Crisis Turns One (businessweek.com)
Chase Suspends Jumbo Mortgages Completely (Mish)
Foreclosures force commuters from central valley back to SF Bay Area (modbee.com)
Buying a bank owned house in Oakland (nothingugly.com)
Glut of One-Bedroom Apartments in Manhattan (nytimes.com)
Supply glut to drag down prices for years (theglobeandmail.com)
Builders still build in spite of glut (milwaukee.bizjournals.com)
Wave Goodbye to the Invisible Hand (washingtonpost.com)
Feds have come up with an exit tax! (nypost.com)
Stop the bailout (youtube.com)
Thank You Andrew M. ($10) and Joseph O. ($20) for your kind donations.
Fri Aug 1 2008
The Fictitious Economy (blackagendareport.com)
42 YEARS of housing supply in Tampa area (tampabay.com)
English house price fall 'at a record' (news.bbc.co.uk)
Investor class-action lawsuits surge with subprime bust (latimesblogs.latimes.com)
Subprime mess sends number of fraud lawsuits higher (iht.com)
UBS: Auction-Rates Securities Collapse (businessweek.com)
Merrill's subprime woes continue (financeasia.com)
Merrill Deal Seen As Template For Banks (money.cnn.com)
Banks Overwhelmed by Foreclosure Crisis (lasvegasnow.com)
Reponsible Lender Rule Is Delayed (washingtonpost.com)
Bush White House Hides True Scope of Deficit (blacklistednews.com)
The United States national debt limit has become a joke (geldpress.com)
GDP Revised Lower, Borrowing From Fed Soars (Mish)
When condo owners foreclose (bankrate.com)
What would a real housing bottom look like? (seekingalpha.com)
Thank You Stephen K. ($20) for your kind donation.
Thu Jul 31 2008
House prices drop by record 15.8 pct. in May (biz.yahoo.com)
Record Declines In Case-Shiller House Index (Mish)
The plunge in the price of houses gets worse (sfgate.com)
House Prices Hit Four-Year Low (businessweek.com)
Financial Title Shuts Down (Mish)
Feds cracks down on mortgage fraud (money.cnn.com)
Mortgage applications hit 2008 low, MBA survey says (money.cnn.com)
U.S. Bureau of Economic Analysis (bea.gov)
Why Bail Out of Freddie and Fannie is Bad Policy (counterpunch.org)
Learning to Live in California for Under $50,000 (mybudget360.com)
Wrong Lessons About Houseownership (newsweek.com)
Mortgaged to the World (nytimes.com)
How the Median House Price Will Fall from $215K to $70K (Charles Hugh Smith)
Crazy Borrowers Win! Everyone Else Loses (patrick.net)
10 Things to Understand About the Housing Bubble (rgemonitor.com)
The Politics of Falling House Prices (washingtonindependent.com)
India 'headed for a distressed real estate mkt' (rediff.com)
Elvis Impersonator Has Left the Rental (lasvegasnow.com)
Wed Jul 30 2008
America's house price time bomb: Walkaways (news.bbc.co.uk)
CA Median House Prices Down 37.7% In June (Mish)
Foreclosure threat spreads in Orange County (mortgage.freedomblogging.com)
New OC houses down $430,000 and still overpriced (lansner.freedomblogging.com)
US prices down 15.8 percent from May 2007 (nytimes.com)
Merrill sells mortgage debt for 22 cents on the dollar (money.cnn.com)
'Extreme Makeover' house faces foreclosure (news.yahoo.com)
The Extreme Reality Makeover Show (washingtonpost.com)
Why the Housing Relief Bill is No Relief (seekingalpha.com)
Housing bill fixes nothing (baltimorechronicle.com)
National embarrassments known as Fannie Mae and Freddy Mac (atimes.com)
Take A Load Off Fannie (trendocracy.blogspot.com)
Why should Israelis care about American economic woes? (haaretz.com)
Lax Lending Standards Led to IndyMac's Downfall (nytimes.com)
Workingman's blues (economist.com)
If I Were A Terrorist (youtube.com)
Tue Jul 29 2008
Foreclosure Numbers Detail More Pain To Come (money.cnn.com)
Credit crunch 'still worsening' (news.bbc.co.uk)
U.S. Housing Slump Losses May Triple (bloomberg.com)
U.S. housing losses pegged at $1-trillion (theglobeandmail.com)
Jobless claims rise, house sales at new low (thestar.com)
Price drops from seven to six figures (latimesblogs.latimes.com)
Bargain hunters still shy of Orange County housing (ocregister.com)
Our Empire of Debt Is Collapsing (Charles Hugh Smith)
False Hopes Cling to New Housing Aid (prweb.com)
What About The Renters? (whatabouttherenters.blogspot.com)
Bank of Canada's Monkey See Monkey Do Policy (Mish)
"BOHICA America" Weekend (market-ticker.denninger.net)
Ron Paul on the Fannie-Freddie Fraud (lewrockwell.com)
Judges and Foreclosure (lawprofessors.typepad.com)
How One Borrower Beat the Foreclosure Machine (nytimes.com)
Foreclosures as business opportunity (youtube.com)
Worried Banks Sharply Reduce Business Loans (nytimes.com)
Haitian strongman convicted of mortgage fraud (cnn.com)
Questionable religious tax exemptions for houses (sun-sentinel.com)
Thank You Repo4Sale ($5) and Anonymous in Jackson, WI ($20) for your kind donations.
Mon Jul 28 2008
The repugnant bailout nation (articles.moneycentral.msn.com)
'Stealth' Housing Bailout: It's Bigger Than You Think (biz.yahoo.com)
Fannie Mae bailout: Taxing America's poorest to help the richest (blogs.law.harvard.edu)
What Does the Housing Bill Do? (theconglomerate.org)
Bailouts are taxation without representation (eyeonmiami.blogspot.com)
Why Housing Bill Won't Help Housing Market (seekingalpha.com)
Government should get out of the business of assuming risk (nytimes.com)
Why few decry Fannie-Freddie bailout's socialism (money.cnn.com)
Official Senator Contact List (senate.gov)
House Votes on Bill To Betray Responsible Savers (govtrack.us)
68% Price Reduction in Los Banos Benefits Responsible Family (patrick.net)
Average S. Florida house dropped $4,100 a month for 2 years straight (cbs4.com)
U.S. regulators seize two more banks (news.yahoo.com)
Why wasn't IndyMac on FDIC problem list? (sfgate.com)
My experience at IndyMac (appraisersforum.com)
Visualize the Dow at 6,000 (onlinejournal.com)
Why millions just 11 days from financial ruin (dailymail.co.uk)
Higher Interest Rates Last Straw for Foolish Houseowners (fool.com)
Dumpy $625,000 house proves bubble not over yet (ocregister.com)
Pimco's Gross approves of blowing up 1 million houses (business.smh.com.au)
Fri Jul 25 2008
Ron Paul on the Mother of All Bailouts (patrick.net)
Taxpayer-killing housing bill passes in house (marketplace.publicradio.org)
Disastrous Housing Bill Set to Become Law (washingtonpost.com)
FDIC Chairman Sheila Bair Is Out Of Control (Mish)
Slump persists: House sales tumble across US (news.yahoo.com)
U.S. House Market Freezes In June (forbes.com)
Existing-home sales fall 2.6% to 10-year low (marketwatch.com)
U.S. Stocks Drop, Financials Have Biggest Decline in 8 Years (bloomberg.com)
Stocks Drop Sharply; Banks Lead Decline (nytimes.com)
Grand jury investigating subprime lenders (businessweek.com)
Next Stop For Housing Crash: China (clusterstock.com)
Half Of Employers Have Frozen Pension Plans (kcra.com)
Housing Predictions (opednews.com)
Man stole ID to get $960,000 house loan (ocregister.com)
Thank You Stephen P. ($100) and Brent L. ($20) for your kind donations.
Thu Jul 24 2008
You Know The Banking System Is Unsound When.... (Mish)
500 Year Housing Hurricane Gets Worse (Mike Morgan)
Woes Afflicting Mortgage Giants Raise Loan Rates (nytimes.com)
Fannie Mae Has $5 Billion In Unsold Houses (bloomberg.com)
Fannie Mae and Freddie Mac bailout makes matters worse (newsweek.com)
More Than 1 Trillion Needed to Solve Housing Crisis (finance.yahoo.com)
Bush Caves In On Housing Bill That Won't Save Housing Market (clusterstock.com)
New Fed rules miss key lending abuse (money.cnn.com)
Housing implosion has Texans recalling banking collapse of '80s (dallasnews.com)
Why Its Worse Than You Think (newsweek.com)
Housing's Headwinds: Demographics, Rising Rates (Charles Hugh Smith)
Builders Dislike Taste Of Own Medicine (minyanville.com)
Beachside real estate no guarantee of value (lansner.freedomblogging.com)
CA Central Valley foreclosures continue to skyrocket (modbee.com)
Most foreclosures in at least 20 years in CA (sfgate.com)
California Real Estate in Perspective: 2008-2012 (reochronicle.com)
How to buy the whole US for no money down (solari.com)
House improvements are a waste of money (telegraph.co.uk)
Thank You Joe W. ($20) and Brent L. ($20) for your kind donations.
Wed Jul 23 2008
Fed's Plosser: Rates may have to rise sooner, not later (usatoday.com)
Debt capitalism self-destructs (atimes.com)
Eleven reasons America is the new top socialist economy (marketwatch.com)
California foreclosures soar to 20-year high (biz.yahoo.com)
California foreclosures up 261% from '07 levels (latimesblogs.latimes.com)
Foreclosures shutter Florida development (orlandosentinel.com)
US house prices fell 4.8 percent in May (biz.yahoo.com)
Bear Stock Market Only Half Over But Not Armageddon (finance.yahoo.com)
Housing Bottom Could Be Two Years Off (seekingalpha.com)
Posting Huge Loss, Wachovia Tries to End Lending Woes (nytimes.com)
Wachovia Halts Wholesale Mortgages (Mish)
Economy has Texans recalling banking collapse of '80s (dallasnews.com)
Mortgage insurance won't help banks who ignored it (geldpress.com)
The coming Australian property crunch (newmatilda.com)
New Zealand: Buying house 'more than twice as dear as renting' (nzherald.co.nz)
Mortgage Crisis Reverses Tide of Urban Renewal (washingtonpost.com)
Mortgage Bailout Monopoly Card (patrick.net)
Tue Jul 22 2008
Replace the word "oil" with "housing" (patrick.net)
Contact Your Senator: Say No To Fannie Bailout (Mish)
GSEs: Toxic fudge (economist.com)
All US Senator Email Addresses (patrick.net)
Bailout means poor states pay for rich states' mortgages (tomahjournal.com)
Little foreclosure relief seen from housing bill (msnbc.msn.com)
Paulson braces public for tough times (news.yahoo.com)
Nothing Sacrosanct About U.S. AAA Rating (bloomberg.com)
America, Too Big to Fail . . . Probably (city-journal.org)
Derivatives, banks, and bailouts (guildinvestment.com)
Market still far from bottom (marketwatch.com)
House equity continued to deteriorate (calculatedrisk.blogspot.com)
California's median house price plummets in June (latimes.com)
Southern California Half-Off Sale (mybudget360.com)
San Diego County House Sales Fall (realestate.signonsandiego.com)
Angelo's Many "Friends" (portfolio.com)
The Meltdown Lowdown (prospect.org)
The death-knell of Bernankeism (prudentbear.com)
Global economy at point of maximum danger (telegraph.co.uk)
Astrologically major improvements in the economy after 4/15/2009 (hubpages.com)
Thank You Lachoule ($20) for your kind donation.
Mon Jul 21 2008
Bay Area median price dives; sales near record low (dqnews.com)
SoCal house prices drop nearly 30 percent in June (signonsandiego.com)
Housing prices haven't hit bottom yet (mcclatchydc.com)
House prices could fall for two years: Citigroup (reuters.com)
Housing Won't Recover Until At Least 2011 (observer.com)
Feds can't fix Fannie and Freddie (articles.moneycentral.msn.com)
Stupidity of Fannie-Freddie Buyout (youtube.com)
Fannie Mae and Freddie Mac: End of illusions (economist.com)
Freddie CEO gets a bundle in 2007 (washingtontimes.com)
Just How Terrible Is Housing as an Asset Class? (seekingalpha.com)
Regulators raid Wachovia Securities (idahostatesman.com)
Boom and bust: It's the American way (latimes.com)
Uncomfortable Answers to Questions on the Economy (nytimes.com)
Given a Shovel, Americans Dig Deeper Into Debt (nytimes.com)
Bill Moyers on closing barn door after horse is gone (pbs.org)
The house that IndyMac built (reportonbusiness.com)
Bush vs. Bernanke on the Economy (liveleak.com)
Banks responsible for the loss of trust (latimes.com)
Borrowers and Bankers: A Great Divide (nytimes.com)
Bankers vs Taxpayers (davies.lohudblogs.com)
Thank You Jennifer B. ($10) and Vera K. ($25) for your kind donations.
Fri Jul 18 2008
Orange County house slump equals $411-a-day loss (lansner.freedomblogging.com)
Panic isn't the problem for the banks (money.cnn.com)
Housing Rescue Act: What's the Hurry? (seekingalpha.com)
Bailing Hard and Getting Soaked (washingtonpost.com)
Concern grows over a fiscal crisis for U.S. (sfgate.com)
Don't Forget Government Failure (cdobs.com)
Bargain hunting up as Southern CA houses fall further (latimes.com)
At housing's bottom, many will be priced out (msnbc.msn.com)
Examining how the Epicenter of Housing is Collapsing (mybudget360.com)
Fannie, Freddie spent $200M to buy influence (politico.com)
Selective Enforcement of Regulation SHO (Mish)
US Mortgage Insurers' Troubles May Worsen (researchrecap.com)
FBI probing IndyMac for possible fraud (reuters.com)
Wall Street's Great Deflation (thenation.com)
Thank You Dale S. ($100) for your kind donation.
Thu Jul 17 2008
Terminate Fannie Mae and Freddie Mac (lewrockwell.com)
Contact Your Senator: Say No To Fannie Bailout (Mish)
Opposition, From Both Parties, Over Bailout Plan (nytimes.com)
On the Outside Now, Watching Fannie Falter (washingtonpost.com)
Fannie Mae CEO Mudd Tries To Instill Confidence, Fails (clusterstock.com)
Wachovia Says It Is Setting Aside More Capital (washingtonpost.com)
Who wins when banks die? (patrick.net)
Hamptons House Prices Fall Amid Wall Street's Decline (bloomberg.com)
Southern California house sales and prices keep falling (latimes.com)
Fed Chief Bleak on Economic Outlook (nytimes.com)
An Economy Thrown Into Turmoil (washingtonpost.com)
More Houseowners Taking in Boarders (nytimes.com)
Buyer's Agent Works Against Buyer (patrick.net)
Dutch real estate in heavy weather (translation) (telegraaf.nl)
Forgive Us! (theonion.com)
Thank You Thomas C. ($20) for your kind donation.
Wed Jul 16 2008
Recession-Plagued Nation Demands New Bubble To Invest In (theonion.com)
Police Brought In On Unruly IndyMac Crowd (10news.com)
Customers furious over Indymac bank takeover (nypost.com)
IndyMac reopens as worried customers check on their accounts (ocregister.com)
FDIC halts foreclosure on IndyMac mortgages (reuters.com)
Let the Lawsuits Begin! (webofdebt.com)
Subprime-Related Litigation on the Rise (researchrecap.com)
Credit fallout is just beginning (articles.moneycentral.msn.com)
Fannie and Freddie Lavishing Contributions on Jesse Jackson (marketwatch.com)
Why Barron's Housing Cover Is So Terribly Wrong (bigpicture.typepad.com)
Can you get a mortgage with a 480 Credit Score? (eyeonmiami.blogspot.com)
Money move may bring some relief, but real fix depends on Congress (delawareonline.com)
Senators Bunning and Shelby Blast Bernanke (Mish)
Confessions of a subprime lender: 3 of my worst loans (money.cnn.com)
One Million Foreclosures By Year's End Housing Tracker (seekingalpha.com)
Punishing Savers: How US Encourages Irresponsible Finance (mybudget360.com)
Canadian house prices slip for first time in nine years (reportonbusiness.com)
Event Horizon (jameshowardkunstler.typepad.com)
It's Lovely! I'll Take It! (lovelylisting.blogspot.com)
Thank You Jimmy J. ($20) for your kind donation.
Tue Jul 15 2008
Why Fannie and Freddie Have Doomed Housing Prices (Charles Hugh Smith)
Bush Offers Plan to Increase Inflation and Taxes, Destroy Savings (nytimes.com)
Treasury, Fed to feed mortgage giants with taxpayer blood (msnbc.msn.com)
Government as the Big Lender (nytimes.com)
Fannie Plan a "Disaster" says Rogers (bloomberg.com)
Feds to help only the politically well-connected (msnbc.msn.com)
Fannie, Freddie: Affirmative Action for the Rich and Stupid (seekingalpha.com)
Freddie, Fannie, and Curses on FDR (mises.org)
Freddie's Charm Offensive (optionarmageddon.ml-implode.com)
What's the difference between Enron and Fannie Mae? (nalert.blogspot.com)
Analysts Say More Banks Will Fail (finance.yahoo.com)
Many more US bank failures likely after IndyMac (guardian.co.uk)
Farewell Indymac, Who's Next? (marketoracle.co.uk)
Feds to freeze IndyMac's house-equity credit lines (latimesblogs.latimes.com)
Nervous investors mull more potential bank failures (marketwatch.com)
Calif. house prices down 27.3%, nation's worst (lansner.freedomblogging.com)
Inland CA condo projects shut down as foreclosures flood market (pe.com)
Buying Foreclosed Condominiums (reochronicle.com)
They were told their money was "totally safe". It wasn't. (idahostatesman.com)
Rich, but Rejected (nytimes.com)
Thank You Alex K. ($20), Robert F. ($30), and David H. ($10) for your kind donations.
Mon Jul 14 2008
Nature of the Fannie Mae Bailout (Mish)
Fannie, Freddie, Banks and Government Debt (denninger.net)
Fannie , Freddie are $5 trillion mess (money.cnn.com)
The Fannie and Freddie Fallout (nytimes.com)
Fed's Bernanke offers foolish Fannie free cash at your expense (reuters.com)
Obama Says U.S. May Not Aid foolish Fannie, Freddie (bloomberg.com)
Time to Let Fannie and Freddie Wither? (businessweek.com)
Chinese Government Top Foreign Holder of Fannie Bonds (marketwatch.com)
US weighs takeover of Fannie, Freddie (nytimes.com)
The Biggest Transfer of Wealth in History (news.goldseek.com)
Buying Foreclosed Multi-Family and Retail Property (patrick.net)
You Don't Own Real Estate - It Owns You (seekingalpha.com)
The Panic of 2008: a turning point (economicpopulist.org)
America's mortgage chickens are coming home to roost (marketwatch.com)
Bank losses from credit crisis may run to $1,600bn (telegraph.co.uk)
Housing Bubble's Pop Could Doom Boomers (thestreet.com)
Capitalism's Reality Check (washingtonpost.com)
OTS Closes IndyMac, Transfers Operations to FDIC (ots.treas.gov)
Bank Closing Information for IndyMac (fdic.gov)
Thank You Leslie G. ($20) for your kind donation.
Fri Jul 11 2008
Fannie, Freddie Insolvent After Losses, Poole Says (bloomberg.com)
The Fannie and Freddie doomsday scenario (money.cnn.com)
Officials Rush to Reassure Markets About DOOMED Loan Agencies (nytimes.com)
Treasury Secretary: Financial Institutions Must Be Allowed To Fail (Mish)
Fannie and Freddie: When the GSEs Go, So Goes the Dollar (seekingalpha.com)
Kiss of death for Fannie, Freddie from White House (marketwatch.com)
US foreclosure filings surge 53 percent in June (biz.yahoo.com)
Only 21% Support Federal Help for Foolish Borrowers (news.yahoo.com)
Extending the mortgage-crash pain (money.cnn.com)
Lending, the FDIC, and Liquidation Selling (patrick.net)
Financials -- Zero, Zip, Zilch, Znobeli (Mike Morgan)
Foreclosure filings up nearly 70% in WA (seattletimes.nwsource.com)
Canada tightens mortgage rules much too late (reportonbusiness.com)
New loan rules loom (dailybulletin.com)
SEC slams credit-rating agencies over standards (dailyrecord.com)
Five Ways Wall Street and Washington Set Us Up to Crash (democracynow.org)
Thank You Thy N. ($10) for your kind donation.
Thu Jul 10 2008
Confessions of a Former Inflationist (Mish)
IndyMac: One More Lie For the Road (mrmortgage.ml-implode.com)
Housing pain to linger longer (seattletimes.nwsource.com)
Pending House Resales Decline More Than Forecast (bloomberg.com)
Fannie, Freddie Downgraded by Derivatives Traders (bloomberg.com)
Fannie, Freddie Default Risk Rises Sharply (clusterstock.com)
Fannie, Freddie Nationalization Inevitable (clusterstock.com)
Paulson: Many foreclosures can't be prevented (sfgate.com)
Paulson's Cherrypicked Housing Stats Give False Hope (clusterstock.com)
Bernanke, Financial Regulation and Financial Stability (federalreserve.gov)
Fed Sees Turmoil Persisting Deep Into Next Year (nytimes.com)
Federal regulators prepare to tighten mortgage rules (latimes.com)
Bridging The Gap Between Pay, Inflation (npr.org)
Wed Jul 9 2008
IndyMac stops new loans, to cut work force by half (biz.yahoo.com)
IndyMac Press Release (investors.indymacbank.com)
IndyMac Faces Rush to Withdraw (nytimes.com)
IndyMac Wreck Could Lead to S&L Pile-Up (thestreet.com)
Nationalization of Fannie, Freddie Unavoidable (Mish)
Fannie and Freddie: Lets Call the Whole Thing Off (seekingalpha.com)
Freddie Mac, Fannie Mae Plunge on Capital Concerns (bloomberg.com)
Mortgage Fears Cast Shadow Over 2 Agencies (nytimes.com)
Housing Rebound, My Ass (seekingalpha.com)
Pending house sales fall 4.7% in May (biz.yahoo.com)
How Wall Street Helped Create a Crisis (dealbook.blogs.nytimes.com)
The US housing crisis will continue well into 2009 (guardian.co.uk)
Why Interest Rates Rising, and Will Keep Rising (Charles Hugh Smith)
Fed To Continue Giving Free Money To Friends (bloomberg.com)
House price drop necessary: Fed (theaustralian.news.com.au)
Paulson says U.S. house foreclosures to stay high (reuters.com)
Foreclosures bringing cases of fraud to light (signonsandiego.com)
Build Your Own House, Cheap (moremarin.com)
Housing Costs Considering Transportation (htaindex.cnt.org)
Loan Pains Turned Site Into a Hit (Not patrick.net) (nytimes.com)
Thank You Orlando M. ($10) for your kind donation.
Tue Jul 8 2008
House Prices Fall in 23 of 25 U.S. Metro Areas (bloomberg.com)
The Continuous Housing Free Fall (washingtonindependent.com)
Sellers balk at low bids at auction (palmbeachpost.com)
Indymac Says "No Bids On Its Mortgage Loan Portfolio" (Mish)
S&L Redux: Men in Black at IndyMac? (optionarmageddon.ml-implode.com)
Crisis wipes $1 trillion from financial stocks (news.yahoo.com)
U.S. Stocks Now Worth Less Than Rest of G-8 (bloomberg.com)
The Declining U.S. Dollar (politicalcortex.com)
Fannie Mae and Freddie Mac hit at a new 52-week-low (money.cnn.com)
Freddie Mac, Fannie Mae Plunge on Capital Concerns (bloomberg.com)
Will gas prices drive housebuyers away from suburbs? (seattletimes.nwsource.com)
The House-Equity Door Slams Shut (washingtonpost.com)
Bailout Will Send 140,000 Families To Second Foreclosure (talkingpointsmemo.com)
Building Portfolios for a World of 2.5% Gains (online.barrons.com)
Morningstar Gives Up on Builders and Financials (1440wallstreet.com)
Avoiding Foreclosure. Trading Down. (chatmag.com)
Market leaves housing flippers flopping (tampabay.com)
Rent signs filling front yards (dailybulletin.com)
Debt collectors on the rampage (money.cnn.com)
Thank You Sondra M. ($20) for your kind donation.
Mon Jul 7 2008
Bitter lessons learned from refinancing (latimes.com)
Mortgage Brokers as Naysayers (nytimes.com)
REITs Stumbling to Failure - 75% Vacancies (Mike Morgan)
It's the Condos, Stupid. (berkeleydailyplanet.com)
European Banks May Need EU90 Billion (bloomberg.com)
Banks narrow house equity withdrawals (ocregister.com)
Donating Banks' REO Property to Local Non-Profits (patrick.net)
Foreclosed houses that just go to pot (chicagotribune.com)
Arson Surges for Foreclosed Houses (bloomberg.com)
Foreclosures To Rise Whoever Wins White House (huffingtonpost.com)
Failure to learn real estate lessons of 1920s (tampabay.com)
The Economy? Words Fail Me. (washingtonpost.com)
Blows to housing market will pound economy too (economist.com)
The buck doesn't stop here; it just keeps falling (news.yahoo.com)
Defaulted loans mean bigger profits from fees (youtube.com)
Tenant Tips when Landlord in Distress (PDF - shra.org)
Withholding debt payments as a revoluntionary act? (reenactmentof1776.com)
Thank You Ralph D. ($50) and Tom S. ($20) for your kind donations.
Fri Jul 4 2008
Santa Cruz prices breaking down (patrick.net)
Honolulu house prices fall 8.8% in year (honoluluadvertiser.com)
Paulson: U.S. house prices to fall more (biz.yahoo.com)
Housing market seen getting worse (uk.reuters.com)
Billionaire Says Economy in Worst Slump Since World War II (bloomberg.com)
Nowhere to Turn for Market Relief? (seekingalpha.com)
Understanding Bernanke (optionarmageddon.ml-implode.com)
Overdue House-Equity Credit Lines Rise Most Since 1987 (bloomberg.com)
Analyst sees 'ghost town' near LA (latimesblogs.latimes.com)
LA, Miami Foreclosure Rates More Than Double (bloomberg.com)
Option ARM delinquencies spiking (businessweek.com)
Should Congress pass the $300 billion housing bailout bill? (cnbc.com)
Calif. budget deficit turns spotlight on Prop. 13 (cnbc.com)
FDIC Warns Banks on HELOC Freezes, REO Management (housingwire.com)
FDIC: FIL-62-2008: Guidance on Other Real Estate (fdic.gov)
How Lehman Brothers Veered Off Course (washingtonpost.com)
Is the American Dream in business? (news.bbc.co.uk)
Real estate agent killed in office (freep.com)
Online Commenter Bogeyman of New Brooklyn (nymag.com)
Accelerating Price Declines (PDF - pmi-us.com)
Thank You Rex D. ($10) for your kind donation.
Thu Jul 3 2008
Mortgage ruling could shock U.S. banking industry (reuters.com)
Resets Peaking on Subprime Loans (washingtonpost.com)
Struggling with the mortgage? Get out now (news.com.au)
Pick-A-Pay Goes Away (businessweek.com)
When Will Housing Market Bottom? (istockanalyst.com)
Housing fuels bankruptcies in Hawaii (starbulletin.com)
California senators upset by limit in foreclosure bailout bill (mcclatchydc.com)
Big Builders At Odds with NAHB (bigbuilderonline.com)
Freddie Mac shares fall as housing troubles worsen (biz.yahoo.com)
IndyMac bank denies that it's close to collapse (latimes.com)
Buying Real Estate at Auction (patrick.net)
Live bombs haunt Orlando neighborhood (cnn.com)
Foreclosure mix-up means new buyer's possessions given away (statesman.com)
Wed Jul 2 2008
Send Spare Keys To Protest Bailout (stopthehousingbailout.com)
Vacant houses spread blight, so we need LOWER PRICES (csmonitor.com)
Auto Sales Dismal At GM, Toyota, Ford, Chrysler (Mish)
June car sales plummet for nearly all automakers (news.yahoo.com)
Modesto, Patterson houses in peril for late fees (modbee.com)
At Midyear, the Economic Pain Persists (nytimes.com)
As Foreclosures Escalate (nytimes.com)
English house prices fall at fastest rate in 16 years (telegraph.co.uk)
Across the pond, a housing mess redux (housingwire.com)
Fairfax County, VA Socializing House Ownership (washingtonpost.com)
U.N. Report Calls for Government Intervention on Global Economy (washingtonpost.com)
Menlo Park House BEFORE in 2005 (patrick.net)
Menlo Park House AFTER in 2008 (patrick.net)
Thank You Abhijeet P. ($25) for your kind donation.
Tue Jul 1 2008
The end of the superbubble (articles.moneycentral.msn.com)
Engineering the Housing Bubble Through Monthly Payments (mrmortgage)
Lenders create a bankruptcy monster (articles.moneycentral.msn.com)
Crash not be an altogether bad thing (atimes.com)
Lehman Selling Archstone (patrick.net)
Next Victim of Real Estate Bubble: Government (businessweek.com)
Who owns my mortgage? (msnbc.msn.com)
Credit crisis fallout to limit houseowner spending (reuters.com)
The Greenspan Gamble (rgemonitor.com)
BIS slams central banks, warns of worse crunch to come (telegraph.co.uk)
You ain't seen nothing yet (informationclearinghouse.info)
Deflationary Hurricanes to Hit U.S. and U.K. (Mish)
Gloom and Doom? Nah; Just for the U.S. (online.barrons.com)
One bullish American economist amid growling bears (telegraph.co.uk)
OPEC pres sees oil at $170 this year, blames Fed (marketwatch.com)
Is Oil Impacting Housing? Look at Los Angeles County (mybudget360.com)
Will the USA Invade Canada For Its Oil? (sandersresearch.com)
Economist describes why inflation hits harder now (marketwatch.com)
Ron Paul on Federal Reserve and Inflation (youtube.com)
Thank You Mark W. ($5) for your kind donation.
Mon Jun 30 2008
Bloggers fight housing bailout (nctimes.com)
Let the Banks Fail, Sell 10 Million Houses for $1 Each (Charles Hugh Smith)
See How U.S. House Prices Have Changed (efinancedirectory.com)
Houses Less Affordable as Prices Fall, Rates Rise (bloomberg.com)
Values of Higher-Priced Houses May Drop Faster (bloomberg.com)
No sign of buy signal within the next 2.5 years (marketoracle.co.uk)
The Housing Abyss (businessweek.com)
As Housing Bill Evolves, Crisis Grows Deeper (nytimes.com)
Government Has Not Learned A Thing (thetrumpet.com)
A housing-rescue bubble (news.yahoo.com)
Endless Winter for New House Sales (seekingalpha.com)
The True Cost of Real Estate Ownership (patrick.net)
Rent, Don't Buy, Your House (promo.realestate.yahoo.com)
Federal Reserve's anti-inflation credibility crumbles (telegraph.co.uk)
Not so fast, senators tell Fed, SEC on bank pact (news.yahoo.com)
Fed Protest Pictures (gallery.mac.com)
Promising Solar Power Technologies (Mish)
Ron Paul on Iran & Energy (video.google.com)
There must be some way to profit from others' misfortune (startribune.com)
Thank You Jedidiah B. ($15) for your kind donation.
Fri Jun 27 2008
Congress makes same mistake: lending assuming prices will go up (csmonitor.com)
Representatives of Financial Irresponsibility? (baglady.dreamhosters.com)
Open Letter to Borrowers Waiting for Bailout (homeguide123.com)
Countrywide's Giant Fall (media.sacbee.com)
Wachovia To Dump Loans (charlotteobserver.com)
Deleveraging will transform banking industry (iht.com)
Rates on 30-year mortgages at 9-month high (contracostatimes.com)
Builders Battling Foreclosures Of Own Construction (money.cnn.com)
Will Housing Bottom in 2010 or 2012? (seekingalpha.com)
Dow Falls In Worst June Since Depression (bloomberg.com)
Are equities entering Great Crash territory? (independent.co.uk)
Inflation becomes Fed's prime focus (signonsandiego.com)
Slump knocks 40% of price of house in four months (thisislondon.co.uk)
Delinquencies Rise at Fannie, Freddie; Taxpayers On Hook (washingtonpost.com)
FHAs Risky Zero Down Payment Loan Program (seekingalpha.com)
It's crazy to buy in Australia at current prices (bubblepedia.net.au)
Family shocked when roofers find skull in attic (sltrib.com)
Local house for sale includes wife (wptv.com)
Comments about that wife (forums.fark.com)
Thank You Greg W. ($20), and Michael S. ($25) for your kind donations.
Thu Jun 26 2008
Buffett Says He's Concerned About U.S. Stagflation (bloomberg.com)
Emptying the attic to pay for Fed's deliberate inflation (articles.moneycentral.msn.com)
House inflation good, but energy and food inflation bad? (huffingtonpost.com)
Housing Bailout Bill Created By Banks To Profit Banks (washingtonpost.com)
Approval Is Near for Law to Stick Taxpayers with Bill for Bad Mortgages (nytimes.com)
Senators Are Becomming More Affordable (thelastgoodidea.blogspot.com)
Bank of America's Countrywide Purchase to be Paid for by Taxpayers (bloomberg.com)
Illinois to Sue Countrywide (nytimes.com)
CA attorney general sues Countrywide (sfgate.com)
American Express Says Late Card Payments Increasing (bloomberg.com)
Small Banks: How Fragile Are They? (businessweek.com)
Reverse: Condo Association foreclosing on Wells Fargo (dailybusinessreview.com)
The Rental Non-Bubble (cbsnews.com)
Beat the crunch: Why it can pay to rent (independent.co.uk)
Investors wise to ignore real estate industry shills (seekingalpha.com)
House-price declines eat baby boomer nest eggs (marketwatch.com)
Root cause of bubble disaster: Federal Reserve (sfgate.com)
U.S. housing going, going... (theglobeandmail.com)
Wed Jun 25 2008
Bay Area house prices continue steep fall (sfgate.com)
Case-Shiller House Prices Fell 15.3% in April (bloomberg.com)
U.S. house prices suffer big retreat in April (cbc.ca)
US house prices tumble in April at record rate (washingtonpost.com)
Four years of house-price gains wiped out (marketwatch.com)
House prices in another steep drop (money.cnn.com)
Consumer confidence skids to 5th lowest reading ever (money.cnn.com)
Consumer Confidence Declines to a 16-Year Low (nytimes.com)
Consumer Confidence, House Prices Slide (bloomberg.com)
Lenders slash prices to dump foreclosed houses (msnbc.msn.com)
Fraudsters' hand helped housing field to explode (pittsburghlive.com)
Millions in U.S. face energy shutoff (upi.com)
Utilities cut off more customers who are behind on their bills (usatoday.com)
The Return of Inflation? (washingtonpost.com)
Countrywide vote on merger to end mortgage era (washingtonpost.com)
Vietnam Suspends Gold Imports (Mish)
Tue Jun 24 2008
House slump harder to reverse than usual (biz.yahoo.com)
Harvard Says Housing Crisis Worst In 50 Years (allheadlinenews.com)
Housing slump deepest in 60 years (marketwatch.com)
Other mortgage shoe is poised to drop (fresnobee.com)
How low must housing go before families can afford to buy? (millionairemommynextdoor)
Subprime meltdown took economy with it (honoluluadvertiser.com)
Karma catches up with real estate industry (msnbc.msn.com)
Lesson from real estate agent's arrest (news-press.com)
Cities Desperate Measures To Keep Prices Too High (nuwireinvestor.com)
Home Not-So-Sweet Home (nytimes.com)
Goldman Admits It Gave Very Bad Advice (nytimes.com)
Ruling adds to trapped buyers' remorse (palmbeachpost.com)
New Buyers Bitter in Virginia (washingtonpost.com)
Assessments confound property owners with wildly inequitable taxes (philly.com)
Bank in Jeopardy (heraldtribune.com)
New Crisis Threatens Healthy Banks (washingtonpost.com)
Canadian Realtors brace for "money laundering" backlash (lfpress.ca)
Houseowner Begs Bank To Foreclose (Mish)
Food Shortages, Rising Prices, Stagnant Wages: Welcome to 13th Century (Charles Hugh Smith)
Mon Jun 23 2008
Bank of America now writing US laws (corner.nationalreview.com)
Did Bank Of America Write The Housing Bill? (market-ticker.denninger.net)
S&P Slashes BOA to Sell - Thanks Countrywide! (mrmortgage.ml-implode.com)
Bank Bailout Bill Moves Forward Despite White House Veto Threat (homeguide123.com)
$2 Trillion Reduction In Credit Card Lines Coming Up (Mish)
Banks Trimming Limits for Many on Credit Cards (nytimes.com)
Did Bernanke Go Too Far, or Not Go Far Enough? (knowledge.wharton.upenn.edu)
Gas and House Prices: What a Difference Two Years Can Make (seekingalpha.com)
As First-Time Buyers Vanish, the Lights Go Out Across Britain (blackenterprise.com)
Insured Short-Term Muni Bonds Surge to 9% (bloomberg.com)
Anatomy of the housing market's rise and fall (honoluluadvertiser.com)
Property becomes an investment turn-off (news.com.au)
Big brokers threatened by crackdown on shadow banking system (marketwatch.com)
FBI Sweep Reveals New Twists to Mortgage Fraud (npr.org)
What Happens if We're Wrong? (nytimes.com)
S. Florida houses can now take months, even years, to sell (sun-sentinel.com)
New Credit Worries Cap Bad Week For Markets (washingtonpost.com)
New Crisis Threatens Healthy Banks (washingtonpost.com)
Houseowner Destroys House Before Foreclosure (lasvegasnow.com)
Desperate Condo Company Unwraps Plan For Clothing-Optional Pool (tbo.com)
Thank You Sol K. ($50), Anonymous in Kansas City ($100), Tal F. ($10), Randall P. ($25) and Melissa R. ($20) for your kind donations.
Fri Jun 20 2008
Renters sitting prettier amid house-market upheaval (latimes.com)
Rising mortgage rates add to housing woes (news.yahoo.com)
Median house price in California drops 30% in May (latimes.com)
SF Bay Area house prices fall by 22% (dailynews.com)
Hundreds swept up in mortgage fraud arrests (biz.yahoo.com)
FBI holds 406 for mortgage fraud (news.bbc.co.uk)
But only 2 charged on Wall Street. Funny... (biz.yahoo.com)
Ex-Bear Stearns Managers Arrested on Fraud Charges (nysun.com)
Fed's tough inflation talk hits housing (biz.yahoo.com)
The Entire Subprime Market Is Toast (blogs.wsj.com)
Screams For More Fed Authority Get Louder (Mish)
BankUnited imploding (optionarmageddon.ml-implode.com)
Fallout From Bad Loans Rocks Regional Banks (nytimes.com)
Banks Closed Till Further Notice (Mike Morgan)
Wealthy Investors Shift Funds From Global Banks to Reduce Risks (bloomberg.com)
Economist slams government targets on house ownership (building.co.uk)
White House threatens to veto secret bank bailout (usatoday.com)
Killing the Comps (viewfromsiliconvalley.com)
D.C. Region's Foreclosure Rate Soars (washingtonpost.com)
How To Profit From The Foreclosure Boom (PDF - patrick.net)
Thu Jun 19 2008
Why Real Estate Market Is Nowhere Near a Bottom (bloomberg.com)
Housing Bottom Keeps Moving Lower as Mortgage Rates Rise (bloomberg.com)
Brace for other shoe to drop in mortgage mess (msnbc.msn.com)
Slowest May in 20 years for Bay Area housing activity (sfgate.com)
Mortgage Applications Index Fell 8.8% (bloomberg.com)
SoCal House Prices Continue to Plumb New Lows (seekingalpha.com)
San Diego County house prices lowest since Sept. '03 (signonsandiego.com)
Home Repossession Rates Double (thetrumpet.com)
Foreclosure Prices Slashed by Desperate Lenders (nuwireinvestor.com)
Global stock and credit crash alert (telegraph.co.uk)
Wachovia Still Does Not Understand Pay Option ARM Risk (Mish)
AMBAC mad that Fitch won't falsify ratings (marketwatch.com)
Lenders, trade groups opposed to responsible lending (latimes.com)
Writedowns May Reach $1.3 Trillion (bloomberg.com)
When Builders Go Broke (businessweek.com)
Rich facing foreclosure too (dailybusinessreview.com)
McMahon shouldn't be face of foreclosure (cnn.com)
Selling your house means being realistic in down market (sun-sentinel.com)
Housebuilders scream for help after losing their 'one-way' bet (telegraph.co.uk)
Senators Deny Knowing Of Mortgage Loan Favoritism (washingtonpost.com)
Thank You Steven K. ($15) for your kind donation.
Wed Jun 18 2008
Discussion of The Bubble (washingtonpost.com)
So Cal median below $500,000, 1st time since '04 (lansner.freedomblogging.com)
So. California house prices, sales plunged in May (apnews.com)
How bad are Things Currently for California Housing? (mybudget360.com)
Gas prices latest worry for CA real estate market (latimes.com)
Housing, Prices Signal "Some" Stagflation (bloomberg.com)
Central Banks Clash Over Monetary Policy (Mish)
Are You Covered if Your Broker Fails? (investorbrain.com)
Housing woes hit community banks (latimes.com)
Banker's lament: 'Nobody foresaw what would happen' (latimesblogs.latimes.com)
Recession fears after housing bubble burst (msnbc.msn.com)
Is America's suburban dream collapsing into a nightmare? (cnn.com)
Thinking About Installments (baltimorechronicle.com)
When Should You Buy And When Is It Better to Rent? (erica.biz)
What real estate experts aren't telling you (businessreport.com)
Some buy new house to bail on the old (pressdemocrat.com)
Thank You Milosh M. ($20), Sourav G. ($10), Suho H. ($20), Arif S. ($20), Chris C. ($10) and Evan G. ($15) for your kind donations.
Tue Jun 17 2008
House price drop means $4 trillion in lost capital (biz.yahoo.com)
Hard hit cities are set for more steep house-price losses (money.cnn.com)
NJ NAR fudges numbers (patrick.net)
Study Confirms US Foreclosure Growth (money.cnn.com)
Foreclosures Make Up Majority of Sales in Sacramento (blogs.wsj.com)
Record-breaking may CA foreclosure report (mrmortgage.ml-implode.com)
Case for Abolishing the FHA and GSEs (Mish)
Plan to clarify mortgage disclosures opposed (money.cnn.com)
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