Major East Coast MLSs to share listings data
TREND, MRIS partnership knocks down predefined market boundaries More »
Trulia makes move for more listings
New program aims to help brokers and agents with limited tech resources More »
Libel suit against Mortgage 'Implode-O-Meter' to proceed
Judge rules lender may have been damaged by site's postings More »
Developer Terminella, Metropolitan Bank Face Off
Fayetteville developer Tom Terminella is taking his foreclosure fight to Little Rock's Metropolitan National Bank with a counterclaim demanding more than $50 million in damages. More »
Fannie Mae provides $100 million for N.Y. refis
Borrowers in risky loans to be offered fixed-rate mortgages More »
Europe struggles after IKB warning (FT.com)
FT.com - European equity markets moved lower on Monday as problems in the US subprime mortgage market sent shockwaves through the German banking sector. More »
American Home Mortgage tumbles on liquidity issues (Reuters)
Reuters - American Home Mortgage Investment Corp shares fell sharply on Monday after the company delayed its quarterly dividend, announced "major" write-downs, and said lenders were demanding it put up more cash. More »
Subprime woes hit global credit markets (FT.com)
FT.com - Global credit markets on Monday suffered one of their worst trading days this decade amid concerns that some investors were being forced to sell assets to cover losses related to the subprime debacle. More »
HSBC forsees clamp on loans (FT.com)
FT.com - The chairman of HSBC on Monday said turmoil in the credit markets could blow away some of the "froth" in the market, with "covenant-lite" loans set to be curtailed, as the bank revealed record provisions for bad debts linked to the US subprime crisis. More »
HSBC cuts its subprime losses (FT.com)
FT.com - HSBC appears to have bounced back from its recent difficulties as growth in emerging markets has helped offset the damage from problems in its US subprime mortgage division. More »
Credit insurance costs to soar (FT.com)
FT.com - Global credit derivative markets suffered one of their worst trading days this decade on Monday amid concerns that that some investors are being forced to sell assets to cover losses related to the subprime debacle. More »
Subprime woes hit credit markets (FT.com)
FT.com - The cost of insurance against credit defaults hit record levels on both sides of the Atlantic on Monday amid concerns that some investors were being forced to sell assets to cover losses on subprime mortgages. More »
Ten days that changed the tune of IKB (FT.com)
FT.com - IKB's warning that it faced a crisis from the fallout of the US subprime mortgage market came just 10 days after it reassured the market it would not be significantly impacted by weakening property loans. More »
Shaky time for Bush economic aides (AP)
AP - Gyrating stock prices. Shrinking nest eggs. Spiking foreclosures on home mortgages. Worries that credit will dry up. It's a high-wire balancing act for the Bush administration's top economic officials as they cope with Wall Street's recent turbulence and the fears and uncertainties left in its wake. More »
Consumer confidence hits 6-year high (AP)
AP - Consumer confidence hit a six-year high in July, a widely watched gauge of sentiment showed on Tuesday, as Americans shrugged off falling home prices to focus on a healthy jobs market, instead. More »
US consumer spending cools in June, income rises (AFP)
AFP - US consumer spending, a crucial driver of the American economy, cooled in June in line with most analysts' forecasts amid a nagging housing market slump, a government survey showed Tuesday. More »
Residential construction spending takes a hit
Money spent on homes down $106 billion from last year More »
Seattle tops nation for annual home-price growth
Detroit continues to lead in highest annual price declines More »
US consumer confidence rebounds strongly in July: survey (AFP)
AFP - US consumer confidence rebounded strongly in July as Americans regained optimism in their economic prospects despite a continuing housing market slump, a survey showed Tuesday. More »