World-News

US manufacturing orders on Wednesday recorded their biggest decline in five months and new home sales slumped to a 13-year low, compounding fears that the US economy may be sliding into recession.

http://www.ft.com/cms/s/0/bfe88122-e540-11dc-9334-0000779fd2ac.html



U.S. Economy: Confidence Falls, Producer Prices Rise

U.S. consumer confidence fell to the lowest level in five years and wholesale inflation picked up, limiting the Federal Reserve's room to maneuver as it tries to avert a recession.

http://tinyurl.com/23uxfl



U.S. new-home sales for January fall 2.8%

The decline marked a 13-year low and constituted the latest sign of prolonged weakness in the U.S. housing market. January's sales pace was down 33.9% compared with January 2007.

http://tinyurl.com/263vm7



U.S. Home Foreclosures Jump 90% as Mortgages Reset

Bank seizures of U.S. homes almost doubled in January as property owners failed to make higher payments on adjustable-rate mortgages.

http://tinyurl.com/38uw2s



US mortgage finance firm Fannie Mae posts 2.1 bln loss

Fannie Mae, a leading US financing provider for mortgages, said Wednesday it swung into a loss of 2.1 billion dollars in 2007 amid a deepening housing downturn and warned of "another tough year."

http://nz.news.yahoo.com/080227/8/47i6.html



Key home price index shows record decline

U.S. home prices dropped 8.9 percent in the final quarter of 2007 compared with a year ago, Standard & Poor's said Tuesday, the steepest decline in the 20-year history of its housing index.

http://www.msnbc.msn.com/id/23350937/


From Information Clearing House



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