Credit Suisse trimming NY mortgage jobs (Crain's New York Business)
The firm is cutting 170 employees from its commercial mortgage-backed securities division, mostly in New York.

Fitch Presale: Bear Stearns Commercial Mortgage Trust Securities Trust 2007-TOP28 (Business Wire via Yahoo! Finance)
CHICAGO----Fitch Ratings has issued a presale report on Bear Stearns Commercial Mortgage Trust Securities Trust 2007-TOP28.

Credit Suisse chief ? Mortgage credit my be problematic for 18 months (Pittsburgh Post-Gazette)
ZURICH, Switzerland -- Credit Suisse Group said problems in the mortgage market will linger as long as 18 months as it announced layoffs in its commercial mortgage-backed securities division ...

Commercial Paper Has 1st Gain in 8 Weeks (AP via Yahoo! Finance)
The beleaguered market for short-term corporate commercial credit finally got a bit of good news in the latest week by registering its first volume increase since the August liquidity crisis, according to Federal Reserve data.

U.S. Commercial Paper Grows; First Gain Since August (Update2) (Bloomberg.com)
Oct. 4 (Bloomberg) -- The U.S. commercial paper market expanded for the first time in eight weeks in a sign that the worst of the short-term credit rout may be over.