United States Economy

The crisis among US subprime mortgage lenders continues as Accredited Home Lenders fall 64% in a single trading session. » ‘Liquidity crisis’ seen looming for Accredited Home; shares plunge – Market Watch, March 23th 2007.

Panic today among shares of US subprime lenders with NovaStar Financial falling 41%, Accredited Home Lenders falling 26% and Fremont General falling 32% as investors make way for the exits of a industry full of bad debts. » ‘Panic’ takes hold as subprime lenders slump – Market Watch, March 5, …

There are concerns today in the US subprime market after New Century Finance fell 7.6% after it delayed filing earnings. Countrywide Financial also fell 1.1% after a report suggested it saw a sharp increase in late payments in 2006 » U.S. stocks end lower as jitters continue, Dow falls 80 …

Australia’s All Ordinaries Index plunged by 212 points to 5773 at the 10.15am open today, wiping about $45 billion from the value of the Australian stockmarket It would appear investors were too busy watching the Dow fall last night to see data released for January showing new house starts plunged …

It is interesting watching the US housing market unfold. Late last year we saw some of the fastest plunges in the sales of new homes ever recorded, only for the new house market to close the year with sales down 17.3%. On Friday night, it was reported new house sales …

NEW YORK, Dec 31 (Reuters) – Defaults on privately insured U.S. mortgages rose 34.7 percent in November to the highest level on record, reflecting the inability of a growing number of homeowners to keep current on their loan payments. » Defaults on U.S. insured mortgages at record high – Reuters, …

Overnight we saw the data released showing prices of new homes in the US fall 9.7% yoy to September. This is believed to be the fastest falls for 36 years. New home sales are now down 14.2% for the year with inventories up 14.4% over the same period. » New-home …