Mortgage defaults expected to rise after Katrina
NEW ORLEANS - Louisiana officials are braced for a wave of personal bankruptcies, creating a lasting financial hangover for the citizens of one of America’s poorest states.
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U.S. Stock-Index Futures Decline; Caterpillar and Wal-Mart Fall in Europe U.S. stock-index futures declined on concern that the Standard & Poor's 500 Index's rally to a four- year high has outpaced the outlook for earnings.read more...
Short-, long-term rates' proximity may mean trouble (Reg Req'd) The convergence between long-term and short-term interest rates is one of the strongest developments in Wall Street history, says Investech Research Market Analyst newsletter .read more...
State takes action against mortgage firms, citing alleged abuses (Boston Globe) State regulators ordered 11 firms to stop doing mortgage business after investigators found evidence that brokers steered prospective home buyers into mortgages they couldn't afford, and lenders looked the other
Alt-A mortgage lenders feeling market's pinch (The News Journal) NEW YORK -- Turmoil in the mortgage market is ensnaring more companies who lend to people with decent credit.read more...
American Home Mortgage faces inquiry (AP via Yahoo! News) American Home Mortgage Investment Corp. bounced property tax checks for some Maryland homeowners, local and state officials said Monday, and they have demanded an explanation from the bankrupt mortgage
House price rises slow, but property boom far from over House prices continued to show signs of a gradual slowdown in the second quarter of this year, but the country's massive property boom seems far from having run its course,