The Economist: "House prices are falling even faster than during the Great Depression."
The Wall Street Journal: "If you are thinking about buying a home, it's time to look into locking in your rate."
The New York Times: "But what about those looking to get a mortgage now, either as a first-time buyer or someone hoping to sell a place and move on? What challenges face them?"
The Washington Post: "But make no mistake: Today's crisis dwarfs the S&L fiasco. The eventual cost to taxpayers of this scandal is likely to make yesteryear's culprits look like pikers."
Associated Press, via Forbes: "Federal regulators on Friday shut down a small Minnesota bank called First Integrity, saying unsafe practices had weakened its financial condition."
Wachovia press release: "Wachovia announced today that its current chairman, Lanty Smith, has been appointed interim chief executive officer, succeeding Ken Thompson, who is retiring at the request of the board."