CNNMoney: Number of troubled mortgages on rise again

Number of troubled mortgages on rise again
By Les Christie August 22, 2011: 11:39 AM ET

NEW YORK (CNNMoney) -- In another hit to the beleaguered housing market, a report out Monday found that the number of delinquent mortgage borrowers -- those who have missed at least one payment -- rose during the second quarter.

Bloomberg: Mortgage Payments One Month Late Jump as Economy Weakens

Mortgage Payments One Month Late Jump as Economy Weakens
By Kathleen M. Howley - Aug 22, 2011 07:20 AM

The percentage of U.S. mortgages overdue by one month rose to the highest level in a year in the second quarter as homeowners who lost jobs were unable to make their payments.

CNNMoney: Shadow inventory improves but still threatens housing recovery

Shadow inventory improves but still threatens housing recovery
By Les Christie August 22, 2011: 6:58 AM ET

NEW YORK (CNNMoney) -- An ominous cloud is hanging over the housing market: Millions of distressed properties could be put up for sale at any moment, potentially adding to the glut of unsold homes that are already on the market and depressing home prices even further.

Bloomberg: Homebuyers Hunker Down as Real Estate’s Drag on U.S. Economy May Worsen

Related News: Bloomberg, Real Estate, U.S., Currencies
Homebuyers Hunker Down as Real Estate’s Drag on U.S. Economy May Worsen
By Kathleen M. Howley - Aug 21, 2011 08:00 PM

Sanjay Jain called his real estate broker four days ago to cancel a deal to buy a three-bedroom home in Folsom, California, unnerved by another plunge in the most volatile equities market on record.

Reuters: Bernanke to aid recovery with gradual boost in dosage

Bernanke to aid recovery with gradual boost in dosage
By Mark Felsenthal
WASHINGTON | Sun Aug 21, 2011 10:08am EDT

(Reuters) - While it's not time for emergency measures, the patient still needs the drip.

CNNMoney: How can Obama solve long-term unemployment?

How can Obama solve long-term unemployment?
By Tami Luhby @CNNMoney August 21, 2011: 9:11 AM ET

NEW YORK (CNNMoney) -- Want to help the long-term unemployed, President Obama? Subsidize their paychecks, experts say.

CNNMoney: PIMCO's Gross: Recession inevitable

PIMCO's Gross: Recession inevitable



Bill Gross, founder of Pimco, says central banks are out of bullets and the political environment does not point towards growth

Bloomberg: Fed’s Dudley Says U.S. Economic Performance ‘Mixed,’ Banks in Better Shape

Related News: Bloomberg, Economy, U.S., Municipal Bonds

Fed’s Dudley Says U.S. Economic Performance ‘Mixed,’ Banks in Better Shape
By Caroline Salas Gage - Aug 19, 2011 06:42 AM

Federal Reserve Bank of New York President William C. Dudley said U.S. economic performance is “at worst, mixed,” with negative news offset by loosening credit, firmer retail sales and stronger bank balance sheets.

Bloomberg: Growth Forecasts for U.S. Cut at Citigroup, JPMorgan Amid Global Slowdown

Related News: Bloomberg, Economy, U.S., Currencies

Growth Forecasts for U.S. Cut at Citigroup, JPMorgan Amid Global Slowdown
By Scott Hamilton - Aug 19, 2011 04:27 AM

Citigroup Inc. (C) and JPMorgan Chase & Co. (JPM) cut their U.S. growth forecasts as the global economy slows and officials struggle to stem Europe’s sovereign-debt crisis.

Fortune: Will Europe come tumbling down?

Will Europe come tumbling down?
By Shawn Tully, senior editor-at-large August 19, 2011: 5:00 AM ET

The debt crisis that started in Greece now threatens to topple the whole continent -- and kill the weak recovery in the U.S. Inside the race against the clock to fix the euro economy.