================

AEGIS MORTGAGE: Case Summary & 36 Largest Unsecured Creditors - corrected copy - Troubled Company Reporter..
————

interesting charts - CMBS Spreads Skyrocket - Toro

————

US banks refuse to accept subprime collateral - US banks caught in the credit market upheaval have started refusing to lend money against hedge funds’ subprime credit portfolios. - FT.com

————

The Really BIG Problem with (Real Estate) Short Sales - …But here is the timebomb. All homeowners who sell their property under a short sale are subject to paying tax on the amount forgiven. - Stockerblog

————

thoughts on WSJ story about 70 year old woman who can’t get a mortgage … would you make this loan? - Portfolio.com

————

NAR: Home Sales Are Down, And We’d Rather Make Up Conclusions on Price Instead of Doing Some Real Analysis - housingwire

————

New online tools allow agents to play in home-price futures - Homethinking platform rewards users’ forecasting abilities - a pseudo futures market? - inman

————

Conduit Financing Dries Up Amidst Capital Markets Turmoil - Multi-Housing News

————

David Merkel touched upon a lot of issues - read this - aelphblog

————

If the pizza man delivers a pizza to you and you have $300,000 worth of equity in your home, but no cash, he is not going to give you your pizza. He wants cash, not equity. The same problem now faces many United States banks. - Brant McLaughlin, commenting on a series of essays on the current financial crisis, recently published by the liberal think tank Cato Institute. - The People’s Media Company

————

interesting statistics on New Jersey - The Second Housing Bust - NJ.com

————

The Mortgage Crunch Bites Even The Rich - Starting last week, Wall Street started to spurn jumbo mortgages — those above $417,000 — even for borrowers with sterling financial profiles. Those loans have become scarcer, harder to qualify for and more expensive… The one bright spot for Bay Area real estate in the past year has been upper-end sales… San Francisco Chronicle

————

KKR Financial Holdings LLC, a unit of buyout giant Kohlberg Kravis Roberts & Co., said Wednesday it could lose over $200 million on leveraged investments in mortgage-backed securities, causing its shares to plunge 31% to $10.52. The stock is now down almost 58% over the past month. pressrelease and article at marketwatch

————

Tales from Chicagoland - by Ben Jones - housingbubbleblog

————

Ben Stein say not to worry - thanks Rob C - NY Times

————

RiskMetrics Group Research Monthly - We focus in particular on the problems posed by the illiquid markets in securities backed by subprime mortgages, and discuss a number of approaches to assess risk in the absence of regular trading or reliable pricing information. 8 pages thanks Ira Artman - RiskMetrics

————

Duration Mismatch at Sentinel - this really was not a money market fund! - - globaleconomicanalysis