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Freddie Mac CEO gets $19.8 million in '07

Corporate CEO pay is a scandal no one wants to touch...here another example: If Syron stays at the helm of Freddie Mac through the end of next year, he will receive nearly $20 million in stock awards if the board says he has met certain goals. This year, he is guaranteed to get $8.8 million in stock grants regardless of performance.

Business | Mortgage woes hit Sydney suburbs

Everyone' s groaning under the weight of interest rises

Late mortgage payments at 3½ year high - Real Estate

From the long time coming department: "Late mortgage payments shot up to a 3 -year high in the final quarter of last year and new foreclosures surged to a record high as borrowers with tarnished credit histories had trouble keeping up with their monthly payments."

Homeowners warned about foreclosure 'rescue' scams

oreclosure-rescue scams are on the rise as "a collision of events" force more people into foreclosure, said Chuck Cross, division director of the state Department of Financial Institutions, which investigates such fraud. Homeowners who took out mortgages they could barely afford or borrowed too much against their equity are prime targets.

Nightmare Mortgages

Great in-depth article on the personal and systemic hazards of option ARM mortgages

Negative refinancing loans becoming popular

More signs that America is becoming a debtor nation: They are refinancing with new adjustable-rate mortgages that keep monthly payments low for now, that is, though their payments will likely rise even higher in the future.