Top News
Bank of America to cut some mortgage balances – CNN – – NEW YORK ( — Bank of America announced Wednesday that it will first look at reducing the loan balances of certain distressed homeowners with subprime or adjustable rate mortgages to make their payments more affordable.
Citi Expands Efforts to Keep Families in Their Homes With Commitment to Second-Lien Program – Business Wire via Yahoo – – priority and commitment at Citi to help homeowners in need, said Vikram Pandit, Chief Executive Officer of Citigroup. The 2MP program will further improve the affordability on mortgages and help families facing financial distress stay in
Market News
Mortgage rates jump up – – – in the bond market at the same time, yields rise. One trend didn’t change: The gap between mortgage rates and 10-year Treasury yields got smaller. The 30-year mortgage rose four basis points in Bankrate’s survey compared with the week before, but the
Existing home sales slip in February – CNN – – NEW YORK ( — Sales of existing homes fell slightly in February, according to an industry report released Tuesday, a sign that the housing market’s recovery remains fragile. 
3/24/2010 Mortgage Refinance Applications Decrease in Latest MBA Weekly Survey » – Mortgage Bankers Association– – Welcome to MBA. The Refinance Index decreased 7.1 percent from the previous week and the seasonally adjusted Purchase Index increased 2.7 percent from one week earlier. 
New-home sales fall to record low – CNN Money – – NEW YORK ( — Sales of new homes fell to a record low in February, according to a government report released Wednesday, as the glut of foreclosed homes and  weak economy weather dampened the housing market. 
6 housing trends in a still-shaky market – CNN Money – – In this quieter environment lie new challenges and opportunities for homebuyers, sellers, owners, and investors.
Technology News
Benefits of Skype Mobile on Verizon – PC World – – As of Thursday, Verizon and Skype will make good on the promised partnership announced at the Mobile World Congress in Barcelona last month.
Other News
KB Home narrows first-quarter loss over 2009 – Los Angeles Times – – Los Angeles builder KB Home reported a narrower loss in the first quarter compared with the first quarter of 2009 and predicted it would return to profitability later this year. The company said Tuesday
Lennar reports narrower loss for 1Q – Miami Herald – – Lennar, the third-largest U.S. home builder by revenue, reported a narrower loss for the first quarter after reducing costs. The net loss in the three months ended Feb. 28 was
Realtors hope statewide open house will spur sales – Florida Times-Union – – to be open to foot traffic, and will mark their houses with blue balloons, emblazoned with the “R” Realtor logo. “I think it’s going to be a great opportunity, because there will be so much publicity statewide, and there will be so many sellers,” said 
L.A. ranks first for Energy Star buildings – CNET – – View of Los Angeles from the 6th Street Bridge. (Credit: City of Los Angeles/Bureau of Street Lighting) The Environmental Protection Agency (EPA) announced Tuesday thatLos Angeles has more Energy Star-rated buildings than any other city in the U.S. The