The recent freezing of foreclosure proceedings by some major banks may not necessarily be a disaster. But we are mindful that in its early stages the sub-prime crisis did not look too severe either...

House prices have started to fall back in response to the plunge in sales seen since the homebuyer tax credit expired in April. Both the Case-Shiller and FHFA indices showed prices fell in July. (See...

The Fed has not even announced a second round of quantitative easing, yet 30-year mortgage rates have plunged to record lows. But even the mortgage bargain of a lifetime may not be enough to drag the...

It is looking increasingly likely that the Fed will announce a new round of quantitative easing, probably before the end of the year. Our guess is that it will opt for a smaller scale open-ended...