AP - Mortgage law experts say the incentive to walk away from a home loan is highest in states that have anti-deficiency statutes, which prohibit lenders from suing borrowers for additional funds after foreclosure.
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BusinessWeek Online - On Dec. 6, Treasury Secretary Henry Paulson, with the support of President George W. Bush, unveiled a plan to aid certain homeowners who face the prospect of higher mortgage rates in the next few years. Paulson worked with banks and other mortgage companies to develop the initiative, and thanked them for their […]

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Reuters - A group of trade associations representing the U.S. commercial real estate industry is lobbying to be included in the Federal Reserve’s $200 billion asset-backed bailout plan in order to head off a wave of foreclosures over the next few years.
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BusinessWeek Online - Everyone is worried about the real estate market, whether it’s because they want to sell, buy, or want a sense of whether their homes will regain value. As proposals to help the housing market are debated in Washington, BusinessWeek turned to leading real estate experts for their reading of where housing is […]

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Reuters - British bank HBOS Plc, due to be taken over by Lloyds TSB, said on Friday that its bad debts and other charges so far this year have jumped by two thirds in the last two months alone, to 8 billion pounds ($11.9 billion), as corporate and home loans soured.

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AP - Former Kentucky basketball player Dirk Minniefield has been charged in an alleged $10 million mortgage scheme in the Houston area.
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Over the past year, the collapse of the U.S. housing market has left many homeowners dazed. Their biggest asset is suddenly worth thousands, or even hundreds of thousands of dollars, less than it was worth just a couple of years ago. Where did all that money go?
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Dec. 4 (Bloomberg) — Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market, a government official said.
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