Homeowners stuck as lenders cinch standards - 2007-03-05
Edward Booker is one of almost 3 million homeowners with adjustable-rate mortgages who've had trouble paying their bills. And, like Booker, many of them won't be able to refinance their loans once the interest rates start climbing. At that point, they'll have to tighten their belts, sell their homes or lose them through foreclosure.
This month, the mortgage payment on Booker's Chicago home climbed $200, to about $1,300.
Read the full story at USA Today

Mortgage lenders' stocks take beating - 2007-03-05
Increasing concerns on Wall Street that mortgage lenders might be hurt by more defaults and delinquencies sent investors fleeing Monday from some of the largest names in the industry. The meltdown among lenders that specialize in home loans to people with weak credit, known in the industry as subprime lenders, again dragged down stock prices.
Read the full story at AZ Central.com