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WaMu expects 75% earnings drop - CNN Money - 6 hours ago - SEATTLE (AP) -- Washington Mutual Inc. said Friday that the weak housing market and the recent mortgage crunch will lead to a 75 percent drop in its third-quarter net income, making it the latest financial institution to warn investors that it took a ma...

S&P: Washington Mutual Outlook Stable - Forbes.com - 52 minutes ago - Standard & Poor's Ratings Services is no longer considering boosting Washington Mutual Inc.'s debt rating, the credit rating agency said Monday, citing a grimmer outlook for the bank's profit through next year. S&P affirmed its 'A-/A-2' rating on Washin...

FDIC: Freeze ARM rates - CNN - Oct 5 - NEW YORK (CNNMoney.com) -- The heat on U.S. mortgage lenders and servicers was turned up a few degrees this week when the country's chief bank regulator publicly proposed that they permanently freeze interest rates on subprime adjustable-rate mortgages...

Good Risks Get Credit Again, but Home Sales Spiral Lower - US News - Yesterday - Lower mortgage rates, more Wall Street deals, new stock market records: On the surface, it looks as if the Federal Reserve not only calmed the credit panic but 'reloaded the punch bowl with vodka,' says Tom Taulli, author of The Complete M & A Handbook...

American Home scraps auction - CNN Money - Oct 6 - PHILADELPHIA (Dow Jones/AP) -- Bankrupt lender American Home Mortgage Investment Corp. has cancelled a scheduled Friday auction of its mortgage loan servicing business, and said it will seek court approval to sell the operation to billionaire investor W...

Market News
BasePoint Launches Unique Early Payment Default Solution to Reduce Losses - Business Wire - 3 hours ago - CARLSBAD, Calif.--(BUSINESS WIRE)--BasePoint Analytics, a leading provider of predictive analytic fraud and risk management solutions, today announced the availability of BasePoint EPD" alert. The new Early Payment Default (EPD) solution is a statistica...

Best Places For Real Estate Deals - Forbes.com - Yesterday - Home sales have sunk to their lowest levels since 2001. Investors are jumping ship, foreclosures are mounting and lenders are exercising caution. Still, there are areas of the county where it makes sense for some to buy. That's because, in a market slum...
Real Estate Weekly: Real Estate Weekly -- Oct. 5 - MarketWatch - Oct 5 - Estate Weekly -- Oct. 5 - MarketWatch Real Estate latest news

REAL ESTATE WEEKLY This week's Real Estate stories By MarketWatch Last Update: 4:46 PM ET Oct 5, 007 This summer, the corner of the country where home-improvement projects ap...

Weakest U.S. Housing Markets - Forbes.com - Oct 5 - How much longer can real estate in already depressed areas decline in value? At least another year. In fact, it's reasonable to expect 8% to 9% median home sale price decreases through 2008 in Detroit, Riverside, Calif., and Las Vegas, currently the thr...

Countrywide, other benefactors of job fund lay off employees - AOL.com - Oct 7 - AUSTIN, Texas (AP) - When Countrywide Financial Corp. announced it was bringing 7,500 jobs to Texas in a deal with Gov. Rick Perry's job-creation fund, the governor proclaimed the company a 'crowning jewel' deserving $20 million in taxpayer money. That...

Other News
Lumber mills feeling hit from slowdown in housing - Mass High Tech - 6 hours ago - The U.S. housing market woes are taking a toll on lumber production. For the first time since 2001, Western lumber production declined in 2006, according to production figures prepared by the Western Wood Products Association. With housing starts droppi...

Real-Estate Agents Who Clean Your House and Run Errands - Real Estate Journal - 9 hours ago - By June Fletcher From Online Jonathan Marks makes his living as a real-estate agent. Lately, he's been babysitting rats. With the housing market in a dive and homes lingering unsold for months, the relationship between real-estate agents and their clie...

Levitt & Sons leaving the Memphis housing market: Slowdown clips big homebuilder - Mass High Tech - 6 hours ago - Shelby County's second-largest homebuilder, of Tennessee LLC, is leaving the market after parent company Levitt Corp. made a decision to exit the state. Levitt entered the market in 2004 by acquiring Memphis-based homebuilder Bowden Homes. Levitt Corp....