Sub-prime mortgage loan market shaken up - 2007-02-09
There's more trouble in the mortgage lending market — and that could mean difficulties for higher-risk borrowers who want to do a refinance mortgage. An independent Orange County lender and Europe's largest bank both scared Wall Street on Thursday by posting huge losses on "sub-prime" mortgages to borrowers with bad credit, high debt loads or other risk factors.
Read the full story at Sun-Sentinel.com

Mortgage Stocks Fall as Poole Says Rates May Rise - 2007-02-09
Shares of U.S. mortgage companies renewed their descent today as St. Louis Federal Reserve Bank President William Poole said interest rates may go up and that lenders misjudged the risks they have assumed. New Century Financial Corp., whose 36 percent loss on Thursday was its largest ever, lost as much as 16 percent today. The stock closed down $1.02, or 5.3 percent, to $18.22 in New York Stock Exchange composite trading.
Read the full story at Bloomberg