Nearly Four in 10 Mortgages to Minorities Were Subprime in 2006 (PR Newswire via Yahoo! News)
Mortgage lending to minorities was down seven percent in 2006, according to a new analysis released today at the 3rd Annual Mortgage Lending Industry Emerging Markets and Diversity Conference outside Washington, D.C. The only exception was among African Americans, which showed an increase of 0.6 percent over the prior year.

BizBits for Oct. 3 (Explorer News)
A weekly roundup of area business news of interest in the Northwest. Peter Rhee as been appointed medical director of Trauma and Critical Care and a professor of surgery at the University of Arizona Department of Surgery.

Housing Speculators Are Ready To Bail (BusinessWeek)
One twist in the tale of the swelling inventory of existing homes is that new listings are coming on the market at a much faster pace than homes are being sold.

Dan Nicoll Joins PMI as Vice President of Government Sponsored Enterprises (PR Newswire via Yahoo! Finance)
PMI Mortgage Insurance Co., the U.S. subsidiary of The PMI Group, Inc. , today announced the appointment of Dan Nicoll as Vice President of Government Sponsored Enterprises.

Business Calendar (Arizona Business Gazette)
When: 11:30 a.m. Friday. Where: North Phoenix Baptist Church, 5757 N. Central Ave., Phoenix. Agenda: Steve Arterburn, founder and chairman of New Life Ministries, will address telling the truth in today's business place.