Top News
Senate passes landmark financial overhaul 
USA Today – – A Senate vote, 60-38, opened the way for passage of a financial regulation bill today
Market News
Mortgage applications at 13-year low 
CNN Money – – NEW YORK ( — Mortgage applicat! ions to buy a home plunged last week – to the lowest level in more than 13 years – as the housing recovery continued to struggle following the expiration of the homebuyer tax credit, an industry group said…

Mortgage rates remain at lowest level in decades
USA Today – – Mortgage rates were unchanged this week at the lowest point in decades, but it… 

Foreclosures fall 5% – repossessions spike
CNN Money – – NEW YORK ( — The foreclosure plague seems to have reached its peak and started to fade, but the recovery is still fragile… 

Record Number of Foreclosures Cancelled in California – – The number of foreclosure sales that were cancelled in California hit an all-time record in June, according to a report released Tuesday by ForeclosureRadar, a locally based company that tracks every foreclosure in the state and provides daily auction…

Technology News
CAR offers consumer facing iPhone app
Inman – – Realtors pay subscription fee, provide free consumer access The California Association of Realtors is offering Realtors a consumer-facing iPhone app that agents can brand and use to send their clients neighborhood, open house and listing information…

Ten tips aim to make technology more efficient for CUs
CUNA News Now – – Rudy Pereira, senior vice president operations and technology at Alliant CU, Chicago, during a Wednesday morning breakout session at The 1 Credit Union Conference in Las Vegas.

Other News
Homeowners Associations: The New Foreclosure
CNBC – – “I had no idea that they could foreclose,” Tony Goodman tells me.

Discount Special: 10% Off – – A new initiative announced Monday by HUD will give state and local governments and nonprofit organizations participating in the department’s Neighborhood Stabilization Program (NSP) preference to acquire homes from its inventory of foreclosed