A great story by Stephanie Armour of USA Today.

Tumbling interest rates are setting off a mortgage-refinancing scramble among homeowners and pulling undecided buyers into the market.

Read the whole article


* Madoff’s in jail finally! But tales of greed go on (Charlotte Observer)

* SUICIDE SCHOLARS? (Adam Brodsky, New York Post)

* NAACP Files Lawsuit Against Subprime Lenders (KDKA)

* Kansas City-area home foreclosures rise (Pittsburgh Business Times)

* Study finds drop in mortgage suits (Kansas City Star)

* S&P cuts ratings on MGIC to at risk (Business Journal Charlotte)

* Couple tricked farmer of �1m property (Richard Savill, Telegraph)

* Why pay mortgage if bailout is possible? (Columbus Dispatch)

* Buzzwords: Cramdown (Consumer Reports)

* Poll: Will it be a good spring for O.C. housing? (Orange County Register)

* Stocks Sink as Banks Skid (Rob Curran, Wall Street Journal)

* Foreclosure prevention: Basic eligibility guidelines (Philadelphia Inquirer)

* More mortgages past due in 4Q

* Mortgage Bankers Association: Almost 10% of N.C. homeowners delinquent or in foreclosure (Business Journal Portland)

* British house prices fall 2.3% in February (Times Online)

* Flooding in courthouse leads to tiff between Tobin and Forman (Scott Wyman, S. Florida Sun-Sentinel)

* Federal ‘bad bank’ would be bad news for real estate industry (Dallas Morning News)

* Daly introduces rule changes to aid struggling tenants (Rebecca Bowe, Bay Guardian)

* Lenders ‘review’ rate cuts (The Independent Online)

* Responsible action needed (Yuma Sun)