Monday, December 3, 2007

Monday December 3 Housing and Economic stories

Top Stories:

U.S. mortgage industry hashes out rate-freeze plan - (www.reuters.com)
Sub-prime crisis leaves state schools in Florida ‘flat broke’ – (business.timesonline.co.uk)
Fund freeze leaves school body 'flat broke' - (www.ft.com)
Fed seeks to ease money market strains - (www.ft.com)

Audio Interview With Dean Baker - (www.rttnews.com)
Video Interview with Cramer on Housing - (www.thestreet.com)
Moody's Takes Ratings Action on Six of Citigroup's Seven SIVs - (www.bloomberg.com)
In Real Estate, Even Smart Money Got Burned - (www.dealbook.blogs.nytimes.com)
Supply of houses on market at 22-year high - (www.marketwatch.com)


Other Stories:

Yen Advances as Moody's Prepares Rating Cuts on Subprime Losses – (www.bloomberg.com)
Fed seeks to ease money market strains - (www.ft.com)
Mortgage bankers wary of Paulson plan – (news.bostonherald.com)
Bailout Not Complete Solution - (www.latimes.com)
Estimates May Have Overstated Job Growth - (www.nytimes.com)
Foreclosures Piling Up - (www.ap.com)
October foreclosure filings surge - (www.money.cnn.com)
House foreclosures soar 94 percent - (www.reuters.com)
U.S. Foreclosures Almost Double on Adjustable Mortgages - (www.bloomberg.com)
Lax oversight spurs foreclosures - (www.detnews.com)
Hawaii foreclosures continue rise - (www.honoluluadvertiser.com)
Southland economy slows for third quarter - (www.latimes.com)
Mortgage parley – (www.signonsandiego.com)

US property risks - (www.ft.com)
Experts see Bush mortgage fix as a bandage - (www.msnbc.com)
Citadel May Have Set Template - (www.wsj.com) ($)
Bond market illiquidity hits eurozone - (www.ft.com) ($)
U.S. Urges Freezing Some Rates on Loans - (www.nytimes.com)
Florida Weighs Steps Needed To Lift Freeze on State Fund - (www.wsj.com) ($)
Deal in the Works To Freeze Rates on Subprime Loans - (www.washingtonpost.com)
Fed sees "no signs of improvement" in West's housing - (www.lansner.freedomblogging.com)
What's so bad about falling house prices? - (www.latimesblogs.latimes.com)
New house prices plunge but sales still miss forecasts - (www.money.cnn.com)
Lennar, Morgan Stanley Forge Deal - (www.wsj.com) ($)
FedEx warns over slowdown - (www.ft.com) ($)
CEO blames high oil prices for downturn
Pessimism Over '08 Could Crimp Auto Production - (www.wsj.com) ($)

The gathering storm – (business.timesonline.co.uk)
Banks refuse dollar loans to exporters as cost rises – (economictimes.indiatimes.com)
U.S. Credit Crisis Adds to Gloom in Arctic Norway - (www.nytimes.com)
Insider trading probe at troubled German bank: reports – (news.yahoo.com/s/afp)
Rate cutting will not get us out of this mess - (www.ft.com) ($)

Prices Fall, Inventories Rise, NAR Spins - (www.seekingalpha.com)
Tempted by Financials' Fat Dividends - (www.businessweek.com)
In housing downturn, a new uncertainty factor - (www.csmonitor.com)
Worst yet to come for England's housing market - (www.economist.com)
Wells Fargo woes show breadth of mortgage meltdown - (www.sfgate.com)
Housing's Pain Not Easing - (www.thestreet.com)

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