Wednesday October 17 Housing and Economic stories

October 17 housing and investment news

Homebuilder outlook falls to record low - Chicago Tribune (10/17/2007 04:58 AM)
ResCap to Slash Work Force - WSJ ($) (10/17/2007 05:15 AM)
Behind Subprime Woes, A Cascade of Bad Bets - WSJ ($) (10/17/2007 05:16 AM)
Southland home sales and prices plummet - LA Times (10/17/2007 04:54 AM)
2008 mortgage originations to hit 8-year low: MBA - Bloomberg (10/17/2007 05:05 AM)
U.S. Housing Starts Plunged to Lowest Since 1993 in September - Bloomberg (10/17/2007 07:45 AM)


Wed Oct 17 2007 (from http://patrick.net/housing/crash.html)

Optimists: House prices expected to fall until 2009 (articles.moneycentral.msn.com)
Paulson Credit Push Earns Jeers From Free-Marketers (bloomberg.com)
Disaster capitalism, the new Manifest Destiny (eyeonmiami.blogspot.com)
SIV Bailout Plan: Don't Ask, Don't Sell (seekingalpha.com)
Text of Paulson's Remarks on Housing (blogs.wsj.com)
As Defaults Rise, Washington Worries (nytimes.com)
Mortgage Securities Bailout Fund: A Bribe? (seekingalpha.com)
Banks May Pool Billions to Avert Securities Sell-Off (nytimes.com)
Boom Boom Tuesday (market-ticker.denninger.net)
Wells Fargo, Regions Financial, KeyCorp Profits Miss (bloomberg.com)
Wells Fargo Hit by Mortgage Woes (thestreet.com)
Foreigners Sold Record $69.3 Billion in U.S. Assets (bloomberg.com)
German bank hit by subprime crisis slashes results, directors leave (afp.google.com)
Builder D.R. Horton Orders Fall (cnbc.com)
D.R. Horton Orders Fall to Lowest in Almost Six Years (bloomberg.com)
Housebuilder Outlook Falls to Record Low (biz.yahoo.com)
8 Areas in the U.S. Most Unaffordable in World (efinancedirectory.com)
Blame the Downturn on Homebuilders and Banks (doctorhousingbubble.com)
Southern California house sales plunge 30 pct in Sept (reuters.com)
2005 San Diegeo Sales (sandicor.com)
2007 San Diego Sales (sandicor.com)