Macquarie flags losses at two funds on subprime woes (Reuters)
Reuters - Australia's Macquarie Bank warned on Wednesday that retail investors in two debt funds face losses of up to 25 percent as fallout from the global credit crunch widened, knocking 10 percent off its shares. More »
FTSE off lows as Wall St finds poise (FT.com)
FT.com - The FTSE moved off session lows on Wednesday after a steady start on Wall Street soothed lingering fears about the US subprime crisis.. More »
Paulson sees subprime woes contained (Reuters)
Reuters - Treasury Secretary Henry Paulson said on Wednesday the repricing of credit risk was hitting financial markets, but U.S. subprime mortgage fallout remained largely contained due to the strongest global economy in decades. More »
Pending home sales rise in June (AP)
AP - Pending sales of existing homes rose by 5 percent in June compared with the previous month, a surprisingly positive sign for the beleaguered housing market, a real-estate trade group said Wednesday. More »
European, Asian markets slip again (AP)
AP - European and Asian markets tumbled again Wednesday, spurred by mounting fears that the crisis in the U.S. subprime market could engulf banks and other companies around the world. More »
Mortgage applications dip to 5-month low (Reuters)
Reuters - Demand for mortgage applications slid last week to its weakest level in more than five months, an industry group said on Wednesday, underscoring that the beleaguered U.S. housing sector has yet to bottom. More »
Homeowners say lenders should be more forgiving (Reuters)
Reuters - U.S. homeowners who fall behind on mortgage payments say lenders have grown slightly more flexible in scheduling late payments but are less accommodating than they ought to be, according to a study released on Wednesday. More »
Bear Stearns sued over hedge fund losses (Reuters)
Reuters - Bear Stearns Cos. has been slapped with an arbitration claim for allegedly misleading investors about its exposure to subprime mortgages, a lawyer for an investor said on Wednesday. More »
Lenders defiant on mortgage exit fees (FT.com)
FT.com - Some of the UK's biggest banks are pushing ahead with higher mortgage exit fees in spite of a crackdown by the City regulator. More »
Germany rescues subprime lender (FT.com)
FT.com - The German government has pulled together a rescue operation - drawing in all three pillars of the country's banking system - to shore up Europe's first major casualty of the subprime crisis. More »
Auto sales tumble, Detroit share slips (Reuters)
Reuters - U.S. auto sales dropped in July as weakness in the housing market sapped demand, increasing pressure on the embattled Detroit-based automakers and hitting Toyota Motor Corp. with its first sales decline in almost three years. More »
Dollar holds gains despite lackluster economic news (AFP)
AFP - The dollar held to gains against the euro Wednesday despite a bout of lackluster economic news and renewed warnings about the troubled US housing market. More »
Fed Rate Hikes? Not Now, Thanks (Investor's Business Daily)
Investor's Business Daily - Markets: Everyone wants a villain to blame for the recent rocky showing by the stock market. Of course, the lousy housing market gets the lion's share of attention. But maybe it's really not to blame. More »
HBOS shares hit by home loans strategy (FT.com)
FT.com - Shares in HBOS fell on Wednesday after a poor performance in its retail bank triggered by a flawed mortgage pricing strategy overshadowed a 13 per cent jump in first-half profits to £2.99bn ($6.07bn). More »
ECB, Bank of England mull rate decisions (AP)
AP - There's growing concern that an expanding subprime credit crunch in the U.S. may have knock-on effects in Europe. However, analysts say those concerns, and resulting volatility in global markets, may not stop the European Central Bank and the Bank of England from putting the brakes on likely rate increases in the months ahead. More »
SocGen says has low exposure to current credit crisis (Reuters)
Reuters - French bank Societe Generale said on Thursday it had a low exposure to the current turmoil in the credit markets related to concerns over U.S. home loan losses. More »
Internet marketing -- from popcorn ceilings to mobile devices
Boot Camp presenters whip audience into marketing shape More »
Mortgage rates drop again this week
Credit problems, home prices still high on markets' radar More »
Realogy to put listings on Yahoo! Real Estate
Distribution deal aims to increase properties' marketing exposure More »
California MLSs to share real estate data
Agents, brokers can now search single system to find properties More »
Deadline for Public Comments on Coal-Fired Plant Extended Again
The Arkansas Department of Environmental Quality has extended a public comment period to Aug. 6 regarding permitting for a controversial coal-fired power generation plant in Hempstead County. More »