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• Mortgage credit losses could total $500 bln: Goldman Reuters via Yahoo! News - May 09 12:25 PM Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy tightening in 2008 or 2009, according to a research note from the firm.



• AIG sees no signs of mortgage asset market rebound yet Washington Post - May 09 12:22 PMNEW YORK (Reuters) - American International Group (AIG.N), after disappointing with a worse-than-expected loss on Thursday, did little to buoy investor spirits on Friday, telling shareholders it does not yet see signs of a rebound in the market for mortgage assets, which have cost it dearly over the past two quarters.



• Mortgage crisis seeps to prime loans USA Today - May 09 8:18 AMThe first concrete evidence that delinquencies on mortgage bills have spread well beyond those with subpar credit shows that even prime borrowers have increasingly fallen behind on their house payments.



• House passes rescue package for mortgage crisis The Christian Science Monitor - May 09 12:49 PMLenders who trim the principal on troubled loans would get federal loan guarantees.

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