Top News
Freddie Mac’s mortgage relief for Gulf owners
MarketWatch – – By Joan E. Solsman Freddie Mac /quotes/comstock/13*!fre A massive oil slick spreading from a BP PLC (BP, BP.LN) deepwater well has been distressing local economies along the Gulf Coast.

Mortgage modification plan helps few borrowers
CNN Money – – NEW YORK ( — More troubled homeowners have fallen out of trial mortgage modifications than have received long-term help, a new government report shows.

Market News
Real Estate Weekly: Home buyers may get more time to claim tax credit
MarketWatch – – By MarketWatch Don’t miss these top stories: For some people angling to claim the home-buyer tax credit, hiccups in getting to the closing table are threatening to disqualify them from getting the incentive.

Mortgage rates tick up, but are still cheap
USA Today – – NEW YORK – Rates on 30-year fixed mortgages backed off yearly lows this week, but still remain historically cheap. The average rate rose to 4.75%, from 4.72% last week, mortgage finance company Freddie Mac said Thursday.

Thousands of home sales depend on tax credit extension
USA Today – – Thousands of pending home sales may be in jeopardy unless Congress extends the June 30 deadline for buyers to close on their deals and claim a tax credit. The Senate on Wednesday approved a three-month extension, giving buyers until Sept.

Technology News
AT&T quits taking iPhone 4 orders due to high demand
USA Today – – AT&T suspended iPhone 4 orders Wednesday after demand overwhelmed inventory
Other News
10 fastest growing counties
CNN Money – – These 10 counties have the fastest growth rates in the nation. Would you follow your fellow Americans to one?

Realtor® Content Resource Helps Realtors® Extend Their Value Beyond the Buy
REALTOR Magazine – – The National Association of Realtors® is making it easier for members to access expertly written, ready-to-use consumer articles through the new Realtor® Content Resource. This is a no-cost, members-only benefit available through HouseLogic.

FHA and Fannie Mae getting tougher with reverse mortgage borrowers
Los Angeles Times – – Reporting from Washington ? Here’s a sobering message for anyone who has a federally insured reverse mortgage or plans to apply for one: If you don’t pay your local property taxes or hazard insurance premiums, you should know that the risk of losing

‘Material support’ terror law upheld
CNN – – Washington (CNN) — A divided Supreme Court has ruled the government has the power to criminalize ‘material support’ of a terrorist organization