Industry group: home foreclosures at record high
3/6/2008 [San Jose Mercury News]
WASHINGTON - Home foreclosures soared to an all-time high in the final quarter of last year and are likely to keep on rising, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy.
3/20/08 [Wall Street Journal]
The fall in housing prices and mortgage values has exposed a serious flaw in the idea that private, shareholder-owned, government-sponsored enterprises (GSEs) can be effective instruments of government policy.
3/19/2008 [WSJ]
Fannie and Freddie's regulator reduced the capital the firms must hold to 20% from 30% in an effort to help boost the ailing housing market. The move could provide up to $200 billion in immediate liquidity to the MBS market.
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3/13/2008 [CNN Money]
The credit crunch has finally hit the traditional mortgage market.
3/13/2008 [Housing Wire]
There aren’t many areas of the mortgage origination business that are booming, but one area — reverse mortgages — has seen high growth despite the industry downturn. And it’s now an area that financial experts are growing increasingly concerned about.
3/9/2008 [Financial Times]
Months into the subprime meltdown, economists and policymakers in the US seem no closer to agreement about what, if anything, to do.
