Gallagher: Time might be right for homebuyers
Home sales fell 38 percent in St. Louis last month, as theexpiration of federal home-buyer tax credits sucked the life out ofreal estate sales. So, is this the moment to go bottom fishing inthe housing market?

Investors flee Treasurys on Bernanke’s remarks
Borrowers, take note: Interest rates may have found their bottom. Investors pulled money out of Treasurys Friday after expectations faded that the Federal Reserve will need to buy bonds to stimulate the economy.

CIBC profit tops estimates on lower loan losses
Canadian Imperial Bank of Commerce said third-quarter profit rose 47.5 percent, topping expectations, as Canada’s No. 5 bank sharply reduced its provisions to cover terrible loans.

Mortgage defaults among Florida’s high-value loans highest in country
Aug. 22–ST. PETERSBURG — Five years ago, Florida’s real estate market was a rollicking beachfront casino where you couldn’t make a terrible bet.

We’re In A Contained Depression That May Last As Long As A Decade
Kevin Feltes, an economist for the Jerome Levy Forecasting Center, solicited my opinion on a couple of their recent articles. Levy comes down on the side of deflation, as do I. But, the devil is in the details, as always.

What’s best for families facing the cost of university?
Financial experts offer tips to the executives at the bank of mom and dad

Mortgage rates at record lows: Refinances are up. Sales are not.
Mortgage rates at 4.4 percent could bring new wave of refinancing, easing some strain on family budgets. Low rates also make homebuying more attractive. The catch: All this is if you qualify.

Banks Getting Stuck With the Bill as Mortgage Loans Fail
Huge banks have already taken losses of nearly $10 billon on loans they have repurchased, or expect to be forced to repurchase.

Special report: Flipping, flopping and booming mortgage fraud
The house on the 53rd block of South Wood Street in Chicago’s Back of the Yards doesn’t look like a $355,000 home. There is no front door and most of the windows are boarded up.

Late mortgage payments spike in 2Q vs year ago
NEW YORK (AP) – The rate at which U.S. homeowners fell behind on their mortgage payments remained stubbornly elevated in the second quarter.