Cartoon - IOU’S Industry Of United States  -  Total Asset Performance 

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Fannie and Freddie Up Risk-Based Pricing - has links to GSE tables, and examples of risk based pricing - Michael Steinberg - Click Broker 

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28/36- Why House Prices Must Fall - Bob Morris - seeking alpha

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The Last Interest Rate Cut from the FOMC and Bernake -  Stock Traders Daily

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Reverse Mortgages:  Financial Freedom Drops LIBOR Reverse Mortgages, Wall Street Stops Buying Jumbo Products -   Reverse Mortgage Daily

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“Once In A Lifetime” Moves? - The action in many Financial stocks over the last couple of days has been truly amazing.  In the table at right, we highlight the percentage change from the close last Thursday to the lows yesterday, along with the change from the lows yesterday to current price levels.  While Bear Stearns is in a world of its own, big names like LEH, MS, MER, GS and C saw declines of 15% to 50%, only to be followed with gains of 20% to 100%. - BIG 

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US Financial Institutions Grapple With Higher Home Equity Losses - Fitch Ratings reported last week that continued declines in home prices, high consumer debt levels, and slowing economic trends have all combined to yield increasing losses in many bank home equity portfolios and that credit losses are expected to accelerate in 2008 - riskcenter.com free reg. 
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“Understanding the Securitization of Subprime Mortgage Credit,” by Adam B. Ashcraft and Til Schuermann - The authors provide an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. -  82 page pdf file    NY Fed

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Chart of the Day: Fed Lending - Felix Salmon - portfolio.com
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How bad is the mortgage crisis going to get? - What started in subprime is likely to continue cascading into the markets and keep the economy down until 2010, economist Paul Krugman forecasts. Bottom line for homeowners: An average drop of 25% -  Fortune Magazine

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Ethos halts court action as UBS gives in - … UBS confirmed today it has agreed to provide shareholders with a 30-page summary of the 300 pages of answers it will give following an inquiry by the Swiss Federal Banking Commission (SFBC) into how UBS made write-downs of $18.4bn on its portfolio of securities related of US residential mortgages, or subprime.  … -  IPE.com

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Option ARM-Specialist Downey Financial Sees NPAs Break 10 Percent Threshold - housingwire

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Some Perspective on Subprime Mortgages - Mark Perry - Carpe Diem

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Tom Brown on housing prices and homeowner leverage - bankstocks.com 
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Now Presenting: Deflation! - Michael Shedlock - globaleconomicanalysis

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The Root of All Evil? - Or the American dream? You decide. - I am talking about home ownership and the financial burden and tax deduction that come along with it; mortgages. … - Andrew Corn - Clear Indexes Ideas