Reuters - KB Home posted a quarterly loss of nearly $773 million on Tuesday with abandonment and impairment charges as the U.S. housing market continued to decline, and said it expects another tough year for the industry in 2008. Read more…

AP - KB Home, one of the nation's largest homebuilders, said Tuesday its fiscal fourth-quarter loss ballooned as home sales slowed, prompting the company to book charges to write down unsold inventory and for a tax allowance. Read more…

FT.com - House prices strengthened unexpectedly in December after three successive monthly falls, a survey showed on Monday, but analysts said the rebound was unlikely to signal an end to the housing market slowdown. Read more…

A month after the Bush Administration announced a plan to help troubled homeowners, one foreclosure counseling agency is looking for some help of its own. Read more…

What are you doing in the next five seconds? Look around you, if you were selling your home, in the next five seconds would your buyer still be looking - or running screaming down the front side walk? Let me show you how to keep the buyer looking longer than the first five seconds. Read more…

Reuters - Countrywide Financial Corp , New Century Financial Corp and other mortgage lenders cut 86,071 jobs last year as the U.S. housing market deteriorated, data released Monday show. Read more…

AP - The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday, adding that a correction in the housing market is "inevitable and necessary." Read more…

FT.com - So the class-action lawyers haven't gone away after all. After several years of decline, the number of US lawsuits filed on behalf of angry investors jumped by 43 per cent in 2007, according to statistics compiled by Stanford University's Securities Class Action Clearinghouse. Much of the spike appears linked to the subprime lending crisis - 32 of the 166 fraud complaints directly mention the issue, and financial services companies were the most targeted sector. This is hardly surprising. In the US, reports of potential scandals are a sure way of attracting the litigation sharks. ... Read more…

FT.com - Grafton, Ireland's leading building materials supplier, dismissed fears of a collapse in the Irish property market, predicting that developers would step up the level of house building activity in response to strong rental demand. Read more…

Reuters - The chairman of the U.S. House of Representatives Financial Services Committee will this year scrutinize the mortgage lending industry and draft new consumer protections for credit card holders, he said on Friday. Read more…

Reuters - The pace of job losses in mortgage lending slowed in December, as some companies shifted workers to other areas of financial services, but the losses may pick up again in the new year as the U.S. housing market continues to weaken and credit remains tight. Read more…

The Motley Fool - If you're looking for bad news related to the housing market, it's not hard to find. Read more…

Reuters - President George W. Bush said on Friday the U.S. economy was on a solid footing despite a weak December employment report, a slumping housing market and near record oil prices. Read more…

Reuters - The White House said on Friday that the U.S. economy was "mixed" and should strengthen later in the year once it was past the worst of the housing market slump and steep oil prices. Read more…

AP - Rates on 30-year mortgages fell last week to the lowest level in a month as investors found new reasons to worry about a possible recession. Read more…

Criticized for not doing enough to stave off foreclosures, the White House seems prepped to put on a full-court press in dealing with the housing crisis. Read more…

AP - Late payments on a cluster of consumer loans, including those for autos, home improvement and certain home equity loans, climbed in the summer to their highest point since the country's last recession in 2001. Read more…

Reuters - General Motors Corp said on Thursday its U.S vehicle sales fell 5.2 percent in December as consumer demand softened amid a weak housing market and higher gas prices. Read more…

AP - State Street Corp. on Thursday set aside $618 million to cover expected legal fallout from soured investments tied to subprime mortgages and replaced the head of its investment management unit. Read more…

Manhattan real estate continues to buck national trends - New York home prices soared during the last three months of the year, according to several surveys released Thursday. Read more…

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Reuters - State Street Corp said on Thursday it will take a $279 million fourth-quarter charge after making bad bets on subprime mortgages and other debt, and said it replaced its investment management chief. Read more…

Reuters - The U.S. housing market may be a seller's nightmare but Manhattan's was a dream in the fourth quarter as foreign buyers pushed up demand while supply stayed tight, sending the average sales price to a record high. Read more…

FT.com - Wall Street enters 2008 in disgrace. During 2007, the US subprime housing crisis triggered bigger problems in credit markets. Several bank leaders including Chuck Prince of Citigroup (NYSE:C) and Stan O'Neal of Merrill Lynch lost their jobs. Banks in the US and Europe are struggling to recover and to raise the capital to stay healthily in business. Read more…

Reuters - National City Corp , one of the 10 largest U.S. banks, said on Wednesday it will cut its common stock dividend 49 percent and eliminate 900 jobs as it stops offering mortgages through brokers. Read more…