Orange County Register - "Inland Empire feels housing market's pain" (4-29-07)

"Prices for the area as a whole have yet to drop. But Inland Empire prices last month were virtually unchanged from a year ago. Annual percentage gains in price fell from 22 percent in San Bernardino County a year ago to 1 percent last month. In Riverside County, appreciation fell from 10 percent to 0.6 percent."

Times Herald-Record - "Subprime has further to fall" (4-29-07)

"The sharp decline of the subprime housing market offering high-cost mortgages hasn't yet hit bottom, the head of home mortgage buyer Freddie Mac said Friday. The number of home buyers starting such loans peaked last year, and interest rates for those buyers are due to rise in the next few years, which could cause foreclosures to spike further, Richard F. Syron said in an interview with The Associated Press."

CNN - "Wells Fargo to settle subprime lawsuit" (4-29-07)

"Wells Fargo & Co., the fifth-largest U.S. bank, has agreed to pay up to $6.8 million to settle a class-action lawsuit accusing it of improper nonprime mortgage lending practices in California. In a joint statement Thursday, the San Francisco-based bank and lawyers for the plaintiffs said Wells Fargo Financial Inc. will earmark $2.4 million to provide relief to class members who are more than 60 days late on loan payments."