Analysis: One in Four Home Mortgages Is Under Water
The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23 percent, threatening prospects for a sustained housing recovery… Read More

Freddie Mac Trying to Minimize Exposure from Failed Lender, Regional Bank
Freddie Mac, the government-backed mortgage finance giant, said yesterday that it is trying to minimize losses on more than $1 billion in assets at risk because of the summer collapse of mortgage lender Taylor, Bean & Whitaker and a regional bank with which it did business… Read More

U.S. Corporate Bond Sales Climb to Yearly Record
U.S. corporate bond sales reached an annual record of $1.171 trillion as borrowers took advantage of low interest rates and surging demand for debt securities following last year’s credit freeze… Read More

Professional Fees Continue to Increase in Madoff Case
The cost of unwinding Bernard L. Madoff’s estate for the benefit of his victims is climbing, with a total of almost $25 million in new fee requests filed yesterday in the U.S. Bankruptcy Court for the Southern District of New York… Read More

Ciena Wins Nortel’s Optical-Networks Unit at Auction
Ciena Corp., the fiber-optic gear maker for phone companies, won an auction for Nortel Networks Corp.’s optical-networking business, trumping a bid from Nokia Siemens Networks by raising its offer to $769 million… Read More