Wednesday October 24 Housing and Economic stories

Housing and Economic News

Neumann Down, More To Come (globaleconomicanalysis.blogspot.com)
Neumann will file chapter 11 (www.suntimes.com) – official now, Neumann Chicago homebuilder has file for Chapter 11.
US Housing Slump Deepening; Firms More Cautious (www.fxstreet.com)
Prior Loans, Future Pain? (online.wsj.com)
Bank Lending Surge a Good Thing? Not So Fast. (www.minyanville.com)
S&P cuts ratings on $23B in mortgage-backed securities (usatoday.com)
GMAC's ResCap mortgage unit to cut 3,000 jobs (usatoday.com)
September housing starts, permits fall to 14-year lows (usatoday.com)
Fed Signals Support for Paulson Plan to Help Commercial Paper - Bloomberg (10/23/2007 05:48 AM)
College prices, student borrowing up - USA Today (10/23/2007 06:03 AM)
US healthcare burden is 'causing pension cutbacks' - FT (10/23/2007 08:57 PM)
College tuition increases outpace inflation - Philly Inquirer (10/23/2007 04:53 AM)
S&P May Cut Ratings of 207 Australian, NZ Mortgage-Backed Bonds - Bloomberg (10/23/2007 08:30 PM)
Countrywide Offers Loan Help - TheStreet.com (10/23/2007 09:15 AM)
Bill Allowing Mortgage Lawsuits Expected to Stir Fierce Opposition - NY Times (10/23/2007 05:56 AM)


From patrick.net (http://patrick.net/housing/crash.html )

Dumped Mortgage Files Invite Identity Theft (biz.yahoo.com)
The Big Squeeze (counterpunch.com)
Phoenix Flippers In Trouble (phoenixflippers.blogspot.com)
Lenders Curb New Mortgages In Weaker Areas (online.wsj.com)
Popular mortgage mods fuel moral hazard (reuters.com)
Countrywide Financial Foreclosures Off The Charts! (countrywide-foreclosures.blogspot.com)
Thoughts From The Frontline (investorsinsight.com)
IMF: Mortgage Reset Chart (calculatedrisk.blogspot.com)
The dollar is falling, but American businesses are smiling (weeklystandard.com)
More Debtors Use Bankruptcy To Keep Houses (online.wsj.com)
No Bottom Yet for Key West Real Estate (keywestchronicle.blogspot.com)
Developer hit with $30 million foreclosure suit (dailybusinessreview.com)
Proposed mortgage rules face hurdles (latimes.com)
Vote for Patrick.net in Best of Blogs (halfway down page) (thebobs.com)
Short sale expert talks (blownmortgage.com)
The Last Laugh - Subprime (youtube.com)