Bloomberg - "Depository Trust to Provide Credit-Default Swaps Data" (10-4-08)

"The broadest set of data yet on the credit-default swaps market will be released today as traders in the market say concerns about potential losses from the more than $47 trillion in outstanding contracts are overblown."

Bloomberg - "JPMorgan, UBS, RBS Expect Difficult Financial Markets" (10-4-08)

"JPMorgan Chase & Co., UBS AG and Royal Bank of Scotland Group Plc, three of the world's biggest banks, said they expect further pain from the global financial crisis."

Yahoo - "Lending rates fall to pre-Lehman levels" (10-4-08)

"Lending rates fell Tuesday to levels not seen since before Wall Street's credit crisis erupted in mid-September. The 3-month Libor rate dropped to 2.71% from 2.86% on Monday, marking its lowest point since June 9. This is also the first time the rate has sunk to pre-credit crisis levels before Lehman Brothers announced its bankruptcy on Sept. 15."

Bloomberg - "D.R. Horton Expects Loss of as Much as $900 Million" (10-4-08)

"D.R. Horton Inc., the largest U.S. homebuilder, said it expects to report a fiscal fourth-quarter loss of $800 million to $900 million as a rise in foreclosures deepened the housing recession. Home-sales revenue fell 50 percent to $1.5 billion in the quarter ended Sept. 30, Fort Worth, Texas-based D.R. Horton said today in a preliminary earnings statement. The company also expects to report a pretax expense of about $1.1 billion to write off land, deposits and inventory."

Bloomberg - "Vornado Rises After Exceeding Analyst Projections" (10-4-08)

"Vornado Realty Trust, the third- biggest U.S. real estate investment trust, rose 12 percent in New York after beating analysts' earnings projections on gains from the sale of real estate. Third-quarter net income excluding items was $1.26 a share, higher than the $1.22 projected by analysts. Revenue rose 6.3 percent to $677.1 million, New York-based Vornado said today in a statement."

Orange County Register - "Some can’t borrow as much on their plastic" (10-4-08)

"Roughly 60 percent of banks had lowered limits on existing credit card accounts of nonprime borrowers; no banks reported raising limits to those borrowers. About 95 percent of banks that had reduced limits cited a less favorable or more uncertain economic outlook and reduced tolerance for risk as reasons for the action. Large majorities of respondents also cited a decline in customer credit scores and missed payments by customers on credit card loans and other loans at their bank."

Orange County Register - "SoCal office owner skips payment on $1.5 billion loan" (10-4-08)

"In Janaury, KBS Real Estate Investment Trust, with $3.2 billion in assets, bought $175 million in short-term 'mezzanine loans' that were part of the $1.5 billion Cabi-Arden loan package. The KBS loans mature next August. KBS revealed the late payment in an SEC filing dated Oct. 23 that notes …"

Realty Times - "Condo Trends: Condo Dwellers' Social Conscience Drives Design" (10-4-08)

"Condo owners have four distinct trends that developers are watching as they build new condominium projects. That's according to MultiHousingNews.com, the online version of the monthly magazine for multi-family housing professionals. The number one trend is the work/live lifestyle, where more people are living and working at home (up 23.5 percent as reported by the U.S. Census Bureau)."

Realty Times - "Real Estate Outlook: Home Sales Rise" (10-4-08)

"In Sacramento, California, the inventory dropped by 32.1 percent during the past three months. In Orange County, California, inventory was down 21.6 percent, 21.5 percent in Boston, 21.1 percent in Denver, and nearly 21 percent in San Diego."