1. Facing Default, Some Walk Out on New Houses (nytimes.com)
2. Foreclosure victim on bailout: ‘No way, Jose!’ (latimesblogs.latimes.com)
3. San Fernando Valley prices down 24% in 7 months (latimesblogs.latimes.com)
4. Moody’s eyes Fannie Mae downgrade (money.cnn.com)
5. Fannie Proposes Ban on Lenders’ Fraud, Much Too Late (bloomberg.com)
6. Firemen Paid Over $200,000 Drive CA city to Bankruptcy (nalert.blogspot.com)
7. CA, preparing to borrow, faces cold market for munis (latimes.com)
8. Let Houses Find a Bottom (gotapex.com)
9. The Worst-Case Scenario for Housing (usnews.com)
10. Bernanke Readiness to Cut Rates Stokes Inflation (bloomberg.com)
11. Fallacy of Inflation Targeting (Mish)
12. Builders threaten Congress (sfgate.com)
13. Outlook for U.S. banks just got gloomier (financialpost.com)
14. Regulators are bracing for 100-200 bank failures (cnn.com)
15. Affordability (irvinehousingblog.com)
16. House Prices Across the Nation (nytimes.com)
17. Don’t follow herd on the economy (cnn.com)
18. Declining House Prices, Rising Mortgage Rates (seekingalpha.com)
19. Reckoning for a Real Estate Mogul (money.aol.com)
20. Jackson faces loss of Neverland ranch (independent.co.uk)

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