Top News

Tightened rules for banks’ loans proposed – CNBC – – The rule-setting board for corporate accounting has proposed tightened rules that would force banks to value loans at current prices, prompting renewed opposition from the banking industry over a long-simmering issue.

Market News

Mortgage rates again sink to yearly low; 30-year at 4.78% – USA Today – – WASHINGTON Mortgage rates have fallen to the lowest level of the year as European turmoil caused investors to pour money into the safe haven of U.S. government securities.

5/26/2010 Mortgage Refinance Applications Continue to Increase, Purchase Applications Decline Further in

Latest MBA Weekly Survey » – Mortgage Bankers Association – – Welcome to MBA. The Refinance Index increased 17.0 percent from the previous week. This third consecutive increase marks the highest Refinance Index recorded in the survey since October 2009. 
New home sales soar 15% in April – CNN Money – – NEW YORK (CNNMoney.com) — New home sales soared in April as homebuyers rushed to claim the tax credit that expired at the end of the month. New home sales rose 14. 

O.C. real estate giant to split into two companies – Orange County Register – – One of the nation’s largest real estate firms has gotten so big that its managers have decided to divide it into two separate companies. 

Home prices fall 3% in early 2010 – CNN Money – – Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. 

Technology News

Browser Add-on Blocks Google Analytics – PC World – – Google has released an add-on for Web browsers that blocks information from

Other News

Luxury homebuilder Toll Brothers takes smaller 2Q loss – USA Today – – HORSHAM, Pa. (AP) — Luxury homebuilder Toll Brothers (TOL) said Wednesday that it took a smaller loss in its second quarter as write-downs of assets decreased.

Going, going, gone: Boom in house auctions – CNN Money – – NEW YORK (CNNMoney.com) — Going, going, gone: An increasing number of homes are now being sold at auction — rather than through real estate brokers — in an effort to dump properties more quickly and efficiently. 

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