Countrywide is not having a particularly good week. The New York Times reports that the US Trustee for the Southwest Region has brought suit in Miami against the mortgage company with claims it is abusing the bankruptcy process.

Today's editorial in The New York Times points out that despite a White House-backed mortgage industry group formed to help homeowners, these homeowners are not getting the help they need.

The IRS has decided to rehire private tax collectors.

Locally, the Boston Herald reports that the experts believe that the housing market will continue its decline in 2008.