SEC investigating subprime mortgage companies - 2007-03-19
The Securities and Exchange Commission is investigating various companies that operate in the troubled market for subprime mortgage loans, the agency's top enforcement official declared Monday. It has been known that the SEC was looking into accounting practices at New Century Financial Corp., the nation's second-largest maker of subprime mortgages — higher-priced home loans for people with tarnished credit or low incomes.
Read the full story at Globe and Mail

Your Home and Mortgage: 5 tips if you're in too deep - 2007-03-19
Bo and Ana Apostolache adored their three-bedroom home on a cul-de-sac near Irvine, Calif. when they purchased it six years ago. Best of all, they could easily afford the $1,400 monthly payments on their $175,000 mortgage. During the next few years, as interest rates dropped and their home price tripled in value, the couple refinanced a few times and tapped $200,000 worth of equity to pay for home improvements and a Barbados vacation.
Read the full story at CNNMoney.com