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BoC governor Carney warns about loosening mortgage standards in Canada (Canadian Business)  Julian Beltrame, The Canadian Press April 30, 2008 - 6:12 p.m. OTTAWA - Bank of Canada governor Mark Carney is concerned about the loosening standards in the Canadian mortgage system,


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Bank Loses Billions In US Mortgage Crisis (SkyNews via Yahoo! UK & Ireland News)  Banking giant HSBC has lost £8.7bn as a result of the credit crunch - most of that in its US mortgage and consumer credit arm.read more...

April 7th, 2008

New Low For Existing Home Sales

“My concern is that stingier lending standards are leading to more deals falling apart.”

An industry group said Tuesday that pending U.S. home sales fell in February to the lowest reading since the index began, signaling the housing market distress is not yet over. via CBS News



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