California man losing nine homes in mortgage mess - Dan Whitcomb -  Reuters

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JPMorgan: 1 Million Sq Ft of Office Space ‘will be eliminated’ - CalculatedRisk 

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Why Investors Fail - … will show you a simple way to put yourself in the top 20% of investors. … - John Mauldin’s Weekly E-Letter 

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The Coming Mortgage Crisis Part III: Low Interest Rates Do Not Make Housing More Affordable -   Michael Goode -  Goode Value Investing Blog 

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Asking Prices Stage Rebound in Key Housing Markets - PAUL JACKSON - housingwire

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 Halfway Through the House-Price Bust? - Posted by Barry Ritholtz - The Big Picture

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EXCELLENT: TAKE TIME TO LISTEN TO THIS - I know some of these people - do you? - Podcast - NPR CHicago - 355: thanks to X - The Giant Pool of Money - A special program about the housing crisis. We explain it all to you. What does the housing crisis have to do with the collapse of the investment bank Bear Stearns? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s? It all comes back to the Giant Pool of Money. - Chicago Public Radio 

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Variations on the Subprime Lawsuit Theme - Kevin LaCroix - … I suspect there are hosts of new variations yet to come, but the most recent subprime-related lawsuits are substantially similar to prior lawsuits. Yet each one, briefly noted below, also involves some interesting additional variations on previously established subprime litigation themes. … - D&O Diary

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HUD Approves Borrower Paid Counseling For Reverse Mortgages - Reverse Mortgage Daily

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PMI Group trims losses to $274 million - Fannie, Freddie seek remediation plan - Inman News 

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The NYT Calls for Unaffordable Housing - The NYT took a strong position on its editorial page today demanding that President Bush join its effort to keep house prices unaffordable for tens of millions of families. That’s right, the NYT wants housing to be unaffordable. - Dean Baker - American Prospect

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Tax Assessors Nightmare - The Atlanta Journal Constitution is writing Tax assessors boggled by housing dip. - For less than the price of a decent used car, you can buy a home in Atlanta today. Actually, real estate agents list a dozen choices for $10,000 or less. Step up in price to $20,000 and your choices expand 10 fold.   - Michael Shedlock - globaleconomicanalysis

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1. Economist Recession Odds Tick Lower - … a chart of recession odds from the monthly Bloomberg economist survey versus the Intrade contract for a recession in 2008 going back to the start of the year.  - Bespoke Investment Group  
1.  Consensus Economist Estimates - another great chart from Bespoke Investment Group 

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Conflicted Agents and Platonic Guardians: Interview with Alex Pollock - The Institutional Risk Analyst 

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Survey of Professional Forecasters -  Forecasters See Home Prices Declining Over the Next Two Years and Rebounding in 2010 - paper at Philadelphia Fed

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What Could I Get for my House? Please, Don’t Ask - Phyllis Korkki - NY Times 

posted by Bill Coppedge