Wednesday January 9 Housing and Economic stories

Top Stories:

Huge number of foreclosed houses on auction block today - (www.modbee.com)
Baltimore (and mayor) Is Suing Bank (Wells Fargo) Over Foreclosure Crisis - (www.nytimes.com)
Lender (crooks from Countrywide again) Admits to Judge It ‘Recreated’ Letters - (www.nytimes.com)
FL lawmakers want to know what happened at investment pool (connected to Jeb Bush and buddy) - (www.stateline.org)
Spain sees credit surge brought to rude halt as Spaniards walking away from their houses - (www.ft.com)
Victoria Finance SIV Debt Cut to Junk After Asset Values Tumble - (www.bloomberg.com)
Foreclosure hotline overwhelmed - (money.cnn.com)
E-Trade Shares Slump to All-Time Low (eTrade also charged me $40 service fee for removing most of my money from their unsafe accounts) - (www.ap.com)
The high cost of jumbo mortgages - (www.newsday.com)
Mortgage help not easy to get - (www.detnews.com)
Dumping Your House? You Can Stay Six Months For Free In California - (sandiegopredatorylending.com)
Lenders' Dirty Deeds - (www.businessweek.com)


Other Stories:

Recession in the US 'has arrived' - (news.bbc.co.uk)
Bush says U.S. economic signals are 'mixed' - (www.chicagotribune.com)
Paulson: Housing correction 'inevitable and necessary' - (www.chicagotribune.com)
Fannie Mae boss sees trouble until 2010 - (www.msnbc.msn.com)
White House: No New Stimulus - (www.thestreet.com)
Pending home sales sink 2.6% in November – (www.marketwatch.com)
Consumer credit jumps at 7.5% annual rate - (www.bloomberg.com)
King County home prices slide below December '06 - (seattletimes.nwsource.com)

Credit Derivatives May Lose $250 Billion, Gross Says - (www.bloomberg.com)
Notion of 'moral hazard' getting blame for troubles - (www.chicagotribune.com)
Flight to gold when investors lose faith in cash - (business.smh.com.au)
Junk Bond Defaults to Rise Fivefold From 26-Year Low - (www.bloomberg.com)
New Real Estate Funds Crash and Burn - (www.thestreet.com)
Whitman, Zucaro Sweat Out Drop by Mortgage Insurers - (www.bloomberg.com)
Paulson: No Easy Answer to Mortgage Woes - (www.washingtonpost.com)
Renaissance, JPMorgan Hedge Funds Fell in 2007 as Rivals Gained - (www.bloomberg.com)
Greenspan off the beam on subprime mortgages - (www.kansascity.com)
Nearly 90,000 mortgage jobs eliminated, and no one is sorry - (www.money.cnn.com)
Cayne to Step Down as Bear Stearns CEO, Person Says - (www.bloomberg.com)
Circuit City reports sales swoon in December - (www.latimes.com)
Banks' Narrowing Margins - (online.wsj.com)
Regulator urged Berkshire to enter bond insurance - (www.ft.com)
San Diego Dollar Sales Volume Down 66% - (patrick.net)
Disappearing House Equity - (greatdepression2006.blogspot.com)
Job Woes Deepen Economic Anxiety - (www.washingtonpost.com)
Gold is the new global currency - (www.ft.com)
America's inflated asset prices must fall - (www.ft.com)
City of London heading for toughest times in a generation - (www.guardian.co.uk)