Can you believe this?

These numbers are for today.  And Google didn’t even list these symbols "in the news."
Recent quotes
MBI
3.79
-1.23
(-24.50%)
ABK
0.760
-0.380
(-33.33%)
FRE
0.560
-0.060
(-9.68%)
FNM
0.380
-0.090
(-19.15%)
C
6.40
-1.96
(-23.44%)
MS
10.25
-1.78
(-14.80%)
ING
7.53
-1.42
(-15.87%)
BOFL
4.95
-0.61
(-10.97%)
GS
55.18
-6.85
(-11.04%)
HAS
23.10
-1.76
(-7.08%)
… and equities weren’t the worst of it. "Credit markets from commercial mortgages to junk bonds fell to record lows as concerns grew that the slowing economy would overwhelm government efforts to stem the worst financial crisis since the Great […]

"Ara Hovnanian, CEO of K. Hovnanian Homes, suggested to Bloomberg TV that interest rates should be temporarily slashed to three percent on 30-year fixed-rate mortgages in 2009. The rate would then rise to four percent in 2010, though it’s unclear what would happen after that."
Surely not on new mortgages?! Please click on below to see […]

To which Rep. Dennis Kucinich (D., Ohio) replied,[1]
"That statement that you just made you will hear about for the rest of your career."
Yep, that sounds about right.  In the interests of their physical safety, Doomers are strongly encouraged not to read the rest of the WSJ article.  I just about fell off my chair when […]

NAR is presently at Disney World making some modest suggestions [1] for the new Administration:
 
An interest-rate buy down, in which the government would subsidize a portion of a home buyer’s mortgage interest rate. A recent analysis by NAR found that a reduction of interest rates by 1 percentage point could result in 840,000 additional home […]

It’s for real, but it may not be for long.
 
Click on the picture below to enter
Igor cries, "Neel, don’t go in the shower!"
Original post by John M.

House Price Bookmark
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"… making CMOs eligible for the "to-be-announced" market — where generic issues are bought and sold before the bonds are actually delivered to investors — would lay additional supply on the market …" [you can say that again ]
Perhaps the golden age of financial engineering has not yet died. As reported by Reuters,[1] […]

Doom friend OSO and I belong to similar religious denominations, although he characterizes himself an evangelical, and I see myself as a sort of liberal (within the fold this is a fraught distinction, but would be pretty hard to explain to most Doomers).
Anyway, a recent Wall Street spirituality moment has evidently weirded both of us […]

Doom recycles
I’m blaming Crispy for this one.  Here’s an extract from his recent post "Stop paying your mortgage?" 
Why should [anybody] pay their mortgage now? Why not just ask your lender for a reduction in the balance due or threaten them to walk away? What if ten million home-debtors did it, then what are they going […]

 
We are taking a break from our regularly scheduled "Global Economic Meltdown" to talk, not about a housing problem, but a novel housing solution.  Some divorcing couples have difficulty deciding how to equitably divide their property- but not the Sarims - they divided their house in half- literally: [Thanks L!]
PHNOM PENH, Cambodia - A couple […]

Well poor Igor was enjoying a leisurely breakfast of spam and catching up with his Doomish reading on the adventures of the US Debt Clock, FooFA’s capital levels, layering, KRIS, SLAPP, and the sovereign debt adventures of Ukraine, Pakistan and Iceland, when his good friends from Implode-O-Meter dropped by with an urgent press release.
This isn’t […]