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Drivers to get off the road. fantastic. i m already stressed out over this. reporter: in other parts of california, communities are soaked from several days of steady rain. oh, i ve never seen it like this in years. reporter: here in the hills above los angeles, all of this rain is posing a threat of mudslides. you see these catch basins here? when they fill up with mud, debris, and floodwaters, eventually they ll spill over, threatening the homes in this area. here we go again. reporter: donna mclaughlin lost her home last year when the mud overtook the very railings that should have protected her home. the k-rails kicked out, formed a dam, tidal waves over my house. reporter: despite an estimated 3 to 5 inches of rain, so far the basins seem to be holding. the real worry, more rain is in the forecast. neighbors will have to watch and wait through what may be the wettest holidays in recent memory. diana alvear, abc news, los angeles. what a mess out there. of cours ....
Damaged about 40 homes. that area is under high alert as well. but what they re doing, they re sending out crews to those areas. they re putting out k-rails. they re telling rest tents to be able to leave at a moment s notice. at this point we re being told they re looking at all of the catch basins, the debris basins, once they fill up they re at a point where they can be dangerous. none of those catch basins at this point look like they re at a dangerous level. once they do they will notify the residents and tell them to evacuate. but at this point we re not hearing anything. greg: bob decrass toe, in malibu live, kttv. jenna. jenna: with all the hits the housing market endured last two years one more could be just around the bend. the government is planning to scale back its massive support for the mortgage market. we re asking the question what will this mean if you re trying to buy or sell a home? what does it mean for the housing market at all? peter barnes from the fox business ....