2. Critics say the effort to make it easier to get jumbo loans — those over $417,000 — has failed because they either are not available or have very high rates [NYT]
3. Most borrowers who have managed to refinance were already making their payments on time, statistics show [NYT]
4. Countrywide Financial reports that it lost $893 million in the first quarter, due to increasing loan defaults and other credit-related losses [AP via NYT]
5. Congestion pricing money that New York City lost heads for Chicago and Los Angeles [NYT]
6. Republican senator calls planned rail to Ground Zero “train to nowhere” [NYDN]
7. Plan for Union Square restaurant gets slammed again [NYDN]
8. Willets Point business group splits with housing group [NYDN]
