The San Diego Union Tribune - "Senate, Bush need to act on bill to help homeowners" (5-18-08)

"Nationwide, more than 1.2 million homes are in foreclosure – and we're not even halfway through the foreclosure wave. By the time the smoke clears in 2010, as many as 3 million more homes will be foreclosed upon nationwide, some analysts predict."

The San Diego Union Tribune - "Risk-based loan system in the works" (5-18-08)

"Inside the country's fastest-growing home mortgage program, the surprising answer is: People with lower incomes have slightly higher FICO scores. That finding, which emerged from a statistical analysis of all approved mortgages insured by the Federal Housing Administration (FHA) during fiscal 2007, is now buttressing a forthcoming major policy switch that could affect thousands of buyers and refinancers."

Boston Herald - "$1M mortgage mess: No English? No income? No problem!" (5-18-08)

"On Friday, federal authorities announced the indictment of 11 Boston lawyers, mortgage brokers and others who allegedly engaged in a $10.6 million mortgage-fraud scheme that employed straw buyers to buy properties in Boston, Quincy, Cohasset and Brockton at inflated prices. Many of the properties are foreclosed, blighting stretches of neighborhoods."

Orange County Register - "Shaky credit no big problem for SoCal rental applicants" (5-18-08)

"First Advantage SafeRent’s latest rental-applicant study suggests that SoCal homeowners may be hurting financially, but would-be tenants seem to be doing fine. LA-OC-Riverside ranked fourth in the U.S. during the first quarter for the high credit quality of its rental applicants, by First Advantage SafeRent’s math."