Top News

Fannie Mae Requests $8.5 Billion in Aid

Wall Street Journal Online – – Fannie Mae’s first-quarter loss narrowed on fewer write-downs and credit-loss provisions, and the government-backed mortgage company requested another $8.5 billion in aid from the federal government. Shares rose 6.8% to $1.10 in recent premarket trading 

U.S. regulators close four banks, total now 68

CNN Money – – City National Bank, Los Angeles will assume 1st Pacific’s deposits and agreed to buy its assets. The FDIC said it entered into a loss-share agreement with City National on $275.7 million of the assets. The cost of the failure to the Deposit Insurance…

BofA’s Countrywide in $624 Million Lawsuit Settlement

ABC News – – NEW YORK (Reuters) – Countrywide Financial Corp, the mortgage lender acquired by Bank of America Corp , has agreed to a $624 million settlement of a lawsuit accusing it of misleading investors about its lending practices. Countrywide will pay $600 million…

Market News
Real Estate Weekly: The top 10 cities for recent college graduates 
MarketWatch
 – – It’s the season when college graduates leave campus in search of employment…

TransUnion: National Mortgage Delinquencies Fall 1.74 Percent in 2010 Opening Quarter

Reuters – – economic conditions, and may change if there are unanticipated shocks to the economy affecting the recovery in the housing market,’ said Guarrera. With regard to regional forecasts, Florida is anticipated to experience the highest mortgage…

Million-dollar homes are falling prey to foreclosure

USA Today – – in February at 13.3%, above the overall rate of 8.6%, according to real estate data firm First American CoreLogic. Foreclosure proceedings generally start after a homeowner has been at least 90 days late on a mortgage payment, experts say. One difference…

Technology News

Office 2010 Review: Inside Microsoft’s Newest Suite

PC World – in Microsoft’s new Office suite give users good reasons to upgrade. Microsoft – Microsoft Office – Microsoft Office 2010 – Office suite – Business…

Other News

How to fight back against a low home appraisal

MarketWatch – – a proper valuation, Sellers said. ‘Be proactive, rather than reactive,’ Sellers said. ‘If you are aware ! of a foreclosure down the street that is similar to yours, or a divorce case that would cause a sale to be low for high-pressure reasons…

Survey Shows Realtors® Persevere in Market Transition, Optimistic About Future

REALTOR Magazine – – With the real estate market improving, three-quarters of Realtors® are very certain they will remain active in the market for two more years, according to the 2010 National Association of Realtors® Member Profile.

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