Business/Economic/Housing/Layoff News for October 5, 2010

Undercover of the Night: U.S. Congress passed an extension of the increased Fannie/Freddie/FHA loan limits for high cost housing markets to a maximum $729,750.

7 Lessons From The Latest Housing Foreclosure Scandal

Connecticut seeks a freeze on all banks' foreclosures for 60 days

Comptroller of California advises legislators to delay paying bills so the Golden Bear State doesn't have to write I.O.U.s

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For first time in a year analysts cut profits call on the S&P 500

Housing Analyst Prediction: One In Five Borrowers Will Default Into Foreclosures On Their Home Loans

Consumer bankruptcies rise 11% year over year

Greenspan: "Fiat money has nowhere to go but gold."