Reuters - About 1.1 million additional home foreclosures are expected over the next six years as adjustable-rate mortgages -- which made home buying more affordable to U.S. buyers in recent years -- reset to higher payments, according to a study by research firm First American CoreLogic.

Reuters - Jillayne Schlicke's father used to tell her that mortgage banking was the "highest calling of all" because it involved helping people live the American dream of homeownership.

AP - The stock market proved again last week that it's vulnerable to bad news relating to U.S. subprime mortgage lenders. This week should give investors a clearer view of the housing market's health, and whether it's stable enough to stave off an overflow of that sector's troubles into the wider economy.

AFP - Mixed signals on the US economy have put the Federal Reserve in a quandary as it tries to steer monetary policy amid fresh inflation concerns but also a slumping housing market, analysts say.

AP - Wall Street slumped Friday after another reading on inflation deflated hopes the Federal Reserve will start moving toward an interest rate cut when it meets next week. The major indexes suffered moderate losses for the week.

Reuters - The Senate Banking Committee will hold a hearing on Thursday to look into the crisis in the subprime section of the U.S. mortgage market, said Chairman Christopher Dodd.

AP - Caremark shareholders approved a $26.5 billion acquisition by CVS on Friday, creating one of the largest competitors in the prescription drug industry, the company said.