Reverse mortgage marketplace heats up (Investment Executive)
With the arrival of a New Zealand-based company in Canada, the marketplace for reverse mortgages has become considerably more crowded. Mississagua, Ont.-based Seniors Money Ltd.

Is the storm over? Credit market conditions look changeable (Financial Times)
Amonth ago, the mood on the credit trading desks of JPMorgan was decidedly dark. As turmoil erupted in the credit markets this summer, activity in many parts dried up and traders at the US investment bank were seeing far more sellers than buyers.

Citigroup, UBS feel the sub-prime sting (Newsday)
The giant banks will write off billions linked to bad loans but expect better results in the fourth quarter. The sub-prime mortgage fiasco and the resulting jolt to credit markets reverberated around the world again Monday as giant Swiss bank UBS and New York's Citigroup Inc. said they would take billions of dollars in charges related to bad loans to high-risk U.S. homeowners.

Spector Ousted by Cayne Over Too Much Bridge, Money (Update1) (Bloomberg.com)
Oct. 3 (Bloomberg) -- Warren Spector had been working at Bear Stearns Cos. for just four months in 1983 when the moment arrived that would make his career. Chuck Ramsey, who was in charge of the company's fledgling mortgage bond desk, had just completed a big trade.

Democrats seek White House mortgage help (CNN Money)
Party leaders push for higher caps for Fannie Mae and Freddie Mac, though some analysts remain skeptical.