Mortgage rates down again this week (Bankrate.com via Yahoo! Finance)
Mortgage rates fell this week on signs that the housing economy continues to stall and inflation poses little threat.

Dems push for White House to alleviate mortgage crisis (KVBC Las Vegas)
He skyrocketing rate of foreclosures in Las Vegas is one big reason why US Senator Harry Reid is asking the White House for action. Senator Reid says homeowners need help to avoid losing their grasp on the American dream.

'Cathartic': Why markets like the big banks' poor results (FT.com via Yahoo! News)
Bankers are counting the cost of the crisis. After almost two months spent weathering the storm in the global debt markets, the world's leading investment banks are adding up the damage to their balance sheets from the sudden jump in the cost of risky credit and the liquidity drought that has left them holding billions of dollars in unwanted assets.

2 big banks feel effects of mortgage defaults (Seattle Post-Intelligencer)
NEW YORK -- Citigroup Inc. and UBS AG warned Monday that they suffered significant loan-related losses in the third quarter, becoming the latest and biggest banks to reveal huge ill effects from the spike in mortgage defaults and freeze-up in the credit markets.

UK jobs go in Morgan Stanley mortgage cull (ShareCast via Yahoo! UK & Ireland Finance)
Morgan Stanley has announced that it will cut around 90 jobs at its UK mortgage subsidiary out of a total cull of 600 in its residential mortgage business.