Larry Cragun sets us straight on what’s up with the mortgage industry today with 7 Things That Have Changed In The Mortgage Industry

BusinessWeek has an interesting post on California’s upcoming cash crunch due to falling property values.  Arnold and the Housing Slump.

By a vote of 291-127, the House approved a bill to tighten regulation of mortgage brokers and banks' loan officers, barring them from "steering" borrowers into higher-cost loans they might be unable to repay. But such legislation hasn't yet been seriously debated in the Senate, and Democrats there failed yesterday to force a vote on a much less-controversial bill to modernize the Federal Housing Administration, which insures certain home loans against default. – House Passes a Bill Curbing Mortgage Brokers

Tim O’Keefe says, “This positivity stuff is not for the faint of heart. But I am starting to see some great strides as bloggers and columnists prove that all is not gloom and doom." Taking it Back!