Stocks poised to dip on big Merrill Lynch write-down (The Star-Ledger)
Stocks headed for a moderately lower open this morning after Merrill Lynch said it will write down another $5.7 billion tied to soured mortgage debt.
Stock futures signal rebound after sell-off (AP via Yahoo! News)
U.S. stocks headed for a moderately higher open Tuesday, a day after a steep tumble on worries about financials and after Merrill Lynch & Co. announced plans to write down another $5.7 billion tied to soured mortgage debt.
Home loans double for entry buyers (Bayside Bulletin)
THE mortgage debt of first-home buyers has more than doubled in the past decade. The snapshot of social trends paints a stark picture of the growing pressures facing hundreds of thousands of people who have recently taken out their first home loan.
Mortgage Debt Least of Bad Bets as Investing Sinks (Update2) (Bloomberg.com)
July 28 (Bloomberg) — The fastest inflation in 17 years and a fourth straight quarter of U.S. profit declines are turning debt sold by Fannie Mae and Freddie Mac into the favorites of the world’s biggest bond investors.