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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (125991)	5/29/2008 7:17:33 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

U.S. housing crisis takes a toll on the auto industry iht.com NEW YORK: The American auto industry is getting side-swiped by the country's housing crisis. Auto lenders and banks have tightened their wallets, preventing hundreds of thousands of consumers from getting the financing they need for a car. Home equity loans, used in at least one of every nine deals, are no longer a source of easy money for many prospective buyers. And used car prices have fallen nearly 6 percent as repossessed cars and gas-guzzling trucks and SUVs flood auction lots. Those forces, on top of the softening economy, are putting enormous pressure on the U.S. auto industry as it faces what may be its worst year in more than a decade.

To: Giordano Bruno who wrote (125991)	5/29/2008 10:49:12 PM
From: Jim McMannis	Respond to of 306849

Lenders, Borrowers Discuss Bad Loans npr.org Listen Now [5 min 42 sec] add to playlist All Things Considered, May 27, 2008 · In days gone by, a foreclosure often involved home buyers and bankers who knew each other. Now it's mostly an impersonal business. But recently, lenders and borrowers were brought together to analyze what went wrong with their mortgage deals