Yahoo - "Have We Seen Worse of Mortgage Crisis?" (11-24-07)

"In the months ahead, millions of other adjustable-rate mortgages like Colombo's will reset, giving them a higher interest rate as required by the loan agreements and leaving many homeowners unable to make their payments. Soaring mortgage default rates this year already have shaken major financial institutions and the fallout from more of them, some experts say, could spread from those already battered banks into the general economy."

The Washington Post - "Crunch May Hit Insurers Of Bonds" (11-24-07)

"Investors already burned by turmoil from the credit crunch are now worried about unwanted surprises in the industry that insures bonds. In the face of mounting losses in U.S. mortgages, rating agencies are reviewing eight leading bond insurers, which could lead to downgrades. Such a move could ripple across the financial sector, because if a bond insurer is downgraded, most of the securities it has blessed as virtually risk free are likely to follow. That could spark a new round of sell-offs and write-downs."

TampaBay.com - "The four stages of Home Seller Sickness" (11-24-07)

"An exasperated Ann Guiberson, head of the Pinellas Realtor Organization, says asking prices are up over last year by a few thousand dollars. How can that be?We’re stuck in a Florida-wide housing retraction with talk of 25 percent price declines in the air. Call it Home Seller Sickness. I had the affliction earlier this year when I sold my house after wrestling with the dead-weight market for more than half a year. The disease has four stages, ranging from prickly denial to glum acceptance..."

Los Angeles Times - "Low-income housing backer in Anaheim won't give up" (11-24-07)

"Plans for the housing project near Disneyland unraveled last month when the deal between SunCal Cos. and the owners of the 26-acre parcel near Disneyland fell through. That news prompted Councilwoman Lucille Kring earlier this month to withdraw her support of the proposal. Kring cast the tiebreaking vote in a 3-2 decision seven months ago that approved the 1,500-unit project -- sparking three ballot initiatives, two lawsuits and regular City Hall protests."