The Coming of the Second Wave - Gold Seek
The Coming of the Second WaveGold Seek - 15 hours ago"Countrywide Financial Corp., the biggest US mortgage provider, last week stopped taking applications for no-money-down loans from risky borrowers without …US Housing Market: Patterns Show an Impending Tsunami Daily Reckoningall 2 news articles

Stocks Rise For Second Straight Day - CBS 4
Canada.comStocks Rise For Second Straight DayCBS 4, FL - 18 hours agoWorries over the flagging housing market, particularly the subprime mortgage industry, have been dragging down stocks over the past month. …Fed looks set to stay course amid housing turmoil Canada.comFed looks set to stay course amid housing turmoil San Diego Union TribuneWall Street rises again Oakland Tribuneall 1,499 news articles

SEC investigating subprime mortgage companies (The Salt Lake Tribune)
WASHINGTON - The Securities and Exchange Commission is investigating a number of companies that operate in the troubled market for subprime mortgage loans, the agency’s top enforcement official said Monday. It has been known that the SEC was examining accounting at New Century Financial, the nation’s second-largest maker of subprime mortgages - higher-priced home loans for people with …

Fannie Mae severing mortgage-selling deal with troubled lender (The Journal News)
LOS ANGELES - Fannie Mae will no longer allow New Century Financial Corp. to sell mortgage loans to the U.S. government-sponsored company, alleging the troubled lender has breached the terms of its contracts, New Century said yesterday.

Do the math: Don't use home equity to buy a car - Cherry Hill Courier Post
Do the math: Don't use home equity to buy a carCherry Hill Courier Post, NJ - 2 hours agoAbout 8 percent of homeowners took out a second mortgage specifically to buy a vehicle, says William H. McCracken, chief executive of Synergistics. …