"Job Losses Push Safer Mortgages to Foreclosure ," by Peter S. Goodman and Jack Healy, The New York Times, May 24, 2009

"As job losses rise, growing numbers of American homeowners with once solid credit are falling behind on their mortgages, amplifying a wave of foreclosures.

In the latest phase of the nation’s real estate disaster, the locus of trouble has shifted from subprime loans — those extended to home buyers with troubled credit — to the far more numerous prime loans issued to those with decent financial histories.

With many economists anticipating that the unemployment rate will rise into the double digits from its current 8.9 percent, foreclosures are expected to accelerate. That could exacerbate bank losses, adding pressure to the financial system and the broader economy."

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Peak Oil Financial Crisis: "It's Now a Renter's Market," by Prashant Gopal, Business Week, April 10, 2009

"Across the U.S., desperate landlords are coming up with novel ways to attract new tenants and retain old ones."

Peak Oil Financial Crisis: "Homelessness up as families on the edge lose hold," By Wendy Koch, USA TODAY, Updated April 9, 2009

"Cities and counties are reporting a sharp increase in homeless families as the economic crisis leads to job loss and makes housing unaffordable."

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