HUGE CHART - In Parts of U.S., Foreclosures Top Sales -  Floyd Norris  - NYT 

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1.  Cuomo settles appraisal case with Fannie Mae, Freddie Mac - …  He said mortgage lenders that own appraisal companies - such as Wells Fargo & Co. and Countrywide Financial Corp. - may have to spin off those divisions …     Times Herald-Record

2.  New standards for home appraisers -  Wells Fargo and Countrywide Financial, two of the nation’s largest mortgage lenders, operate appraisal units … - San Diego Union Tribune

3.  OFHEO, NY ATTORNEY GENERAL, FANNIE MAE AND FREDDIE MAC SIGN AGREEMENTS TO COMBAT APPRAISAL FRAUD -  OFHEO 

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Leveraged Losses: Lessons from the Mortgage Market Meltdown- US Monetary Policy Forum Conference Draft - … Our best (very uncertain) guess is that the losses will total about $400 billion, with about half being borne by leveraged U.S. financial institutions … - thanks Ira Artman for finding the research paper - 47 pages Brandeis U.

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OCC Releases Handbook on Leveraged Lending Risk Management. -    OCC

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U.S. housing boom now officially over - Clear evidence that the U.S. housing boom is now officially over appeared in bold type in this story at CNN/Money - Say good-bye to granite countertops. It almost sounds un-American to print such a thing, but there it was …     themessthatgreenspanmade 

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