It’s another record in the real estate market, and it’s not a good one. RealtyTrac, the online foreclosure sale site, which has also been tracking foreclosure activity since the beginning of 2005, reports the single largest one-month volume of foreclosure activity it’s ever seen.    Read More

Before Democrats could even utter the words, “housing,” “rescue,” “FHA” or “predatory,” President Bush had already let the threat fly: “I will veto the bill that's moving through the House today if it makes it to my desk.” Nuff said, Sir.    Read More

I'm no expert on, well, anything. That's why I report what other people say. Increasingly, experts are saying we are at the bottom of the housing cycle. The evidence:    Read More

Analysts this morning began raising some red flags over the Bank of America/Countrywide deal, citing deterioration in the mortgage market that could lead BofA to walk away, or at the very least lower its asking price.    Read More

I went up to Capitol Hill this morning because about 1,200 members of the National Association of Home Builders are taking their annual day of action up here. It couldn't be more timely, as several bills are working their way through Congress to help builders and borrowers alike and to right the housing market.    Read More

Nobody should be surprised by the talk about a cash-raising exercise at RBS. The real question is why it is taking so long for the banks to acknowledge the continued deterioration in the quality of the assets they own.   Read More

... Burlesque in one Act by the U.S. Securities & Exchange Commission   Read More

I'm always asking myself the same question as I cover this seemingly endless housing crisis: if so many programs with so many lenders are working their darndest to save troubled borrowers, then why do we even have a foreclosure crisis?    Read More

Philips' first-quarter earnings came in weaker than forecast Monday morning, but the analysts are hanging on to their "buy" ratings.   Read More

In a beaten-down market, any signs of buying fuels excessive exuberance on the trading floor. But hey, getting you to buy is the job of brokers and that's why they sing the sell-side rap.   Read More