Home repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial crisis is taking its toll on households and the ailing housing market.

Limits on mortgages may aid seniors (Belleville News-Democrat)

This month, many older homeowners got some long awaited good news when the Department of Housing and Urban Development approved the higher lending limits for reverse mortgages. Now a home equity conversion mortgage, or HECM, can be federally insured up to $417,000.

Home loans on offer at 5 times salary level (Financial Times)

Homebuyers are being offered unprecedented borrowing power by banks and building societies, which are now marketing mainstream mortgages of up to five times joint salary levels as they attempt to win first-time buyers.

Crisis Hits Values of Commercial Mortgages (Washington Post)

NEW YORK, Nov. 20 -- Another levee in the financial markets is crumbling.

Commercial Mortgages With `Outlandish' Forecasts Roil Bonds (Bloomberg)

Nov. 20 (Bloomberg) -- Mortgages on offices, shopping malls and hotels that were based on projections of soaring income during the real estate boom are roiling the bond market.