The San Diego Union Tribune - "Think home-price slide is over? The worst appears yet to come" (11-4-07)

"After more than a year's worth of the Great American Mortgage Crisis, some real estate professionals still think the law of supply and demand will kick in to prevent home prices in San Diego from dropping too low. The rationale goes something like this: There's a finite supply of homes and plenty of pent-up demand from potential home buyers. That demand will put the brakes on the housing decline before it turns into a rout."

The San Diego Union Tribune - "Low-cost areas are hit hardest by foreclosures" (11-4-07)

"As the rising wave of defaults and foreclosures sweeps like a tsunami over San Diego and the rest of the nation, virtually every neighborhood is being affected, according to the latest figures from DataQuick Information Systems."

The San Diego Union Tribune - "Distrust of financial system has far-reaching implications" (11-4-07)

"There remains a hangover from the summer's credit crunch and ongoing weakness and mistrust in the financial system. The nation's largest banking firms have been reporting the damage they caused themselves and investors by creating securities backed by undependable subprime mortgages."

The San Diego Union Tribune - "'Piggyback' tactic in home mortgages hasn't been halted" (11-4-07)

"The 'piggyback' credit-score inflation schemes for mortgage applicants haven't been reined in despite industry pledges to do so at the end of summer. As a result, lenders continue to be misled into treating loan applicants with poor credit as prime-credit candidates – worsening already critical fraud and delinquency problems in the mortgage market."

Yahoo - "Citi's Sub-Prime Related Exposure in Securities and Banking" (11-4-07)

"Citigroup Inc. (NYSE: C - News) announced today significant declines since September 30, 2007 in the fair value of the approximately $55 billion in U.S. sub-prime related direct exposures in its Securities and Banking (S&B) business. Citi estimates that, at the present time, the reduction in revenues attributable to these declines ranges from approximately $8 billion to $11 billion (representing a decline of approximately $5 billion to $7 billion in net income on an after-tax basis)."

Orange County Register - "Time to buy? Depends on whom you ask" (11-4-07)

"Two years into a housing slump, conditions have gotten worse for sellers. And better for buyers, with the highest number of listings in at least a decade. So is now the time to for hesitant homebuyers to make a deal? Or will there be a better time down the road when prices are lower?"