US home foreclosures surge

Record plunge for new-home sales

The Commerce Department reported yesterday that sales of new homes dropped 26.4 percent last year to 774,000. That marked the worst sales year on record, surpassing the old mark of a 23.1 percent plunge in 1980.

//snipurl.com/1yjme



Countrywide loses $422M amid mortgage meltdown

Countrywide lost $422 million, or 79 cents a share, during the fourth quarter, compared with earnings of $622 million, or $1.01 a share, during the same period the previous year.

//snipurl.com/1yjmf



US home foreclosures surge

Home repossessions spiked across the United States during 2007 leaving over one percent of all households in some stage of foreclosure, an industry report showed Tuesday.

//rawstory.com/news/afp/US_home_foreclosures_surge_01292008.html


From Information Clearing House



//freepage.twoday.net/search?q=mortgage
//freepage.twoday.net/search?q=foreclosure

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