Can the Mortgage Crisis Swallow a Town?
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At current rates, analysts expect foreclosure filings to hit a rate approaching heights not seen since the Great Depression.
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City fears that the Bank of England's rescue package could herald slide in house prices.
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On Thursday 13th September, after the market had closed, the Bank of England announced to have provided emergency cash to Northern Rock, the fifth largest mortgage lender in the country. The Bank of England played down the intervention, saying that it is not a "bail-out" but rather a loan meant to ease the bank's difficulties in financing its short-term operations in the face of the recent market turmoil. The bank's assets are reportedly solid and there is no risk for shareholders.  In spite of this reassurance, the stock price of this former market darling tumbled 30% on Friday. People were seen queing outside branches while the website went down as the bank clients rushed to withdraw their money using the online banking facility.  It's the first time in my life I've seen that Great Depression staple, the bank run.
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Not everyone has suffered from the current housing slump. Exceptions include entrepreneurs with deep experience in real estate and those who have carved out a special niche.
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Lots of debt could mean tough times ahead.
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Across the country, local governments are feeling a financial strain driven largely by the nationâs real estate downturn and some are considering higher taxes.
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The turmoil tearing through the residential mortgage market will probably harm everyday investors.
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The crisis in the subprime mortgage market has heightened tension between mortgage lenders and brokers who both hope to shape any laws aimed at stamping out dangerous loans.
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The market's turmoil may be especially unsettling for middle-aged homeowners.
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Could the subprime problems that have fouled the public market be a mixed blessing for Silicon Valleyâs high-technology investors?
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By The Baltimore Sun  Jun. 14--ACarroll County town has been forced to give up on a conventional scheme for economic prosperity, but will likely wind up the better for it.
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A sharp and surprising downturn in Britain&#39;s economy made the City predict yesterday that interest rates have peaked, and signs emerged that the higher cost of borrowing is putting the brakes on the housing market and the manufacturing sector.
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The next victim of the housing bust might be you.
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A new kind of mortgage can, as if by magic, make a 30-year mortgage disappear in half the time.
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It started with subprime mortgages. Now owners of McMansions are defaulting, and the effects of the housing bust are beginning to ripple through the economy.
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As mortgage defaults rise, more houses are being put up for auction  -  and more people are seeing a chance to make big bucks. But there are risks
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Mortgages are complicated, and lending markets are in flux right now, but savvy, well-positioned consumers can still get the loans they need to buy, build, or refinance a home. They just need to pay attention to what's going on, says David Reed, a lending veteran based in Texas and co-author of "Mortgage Confidential."