Top News
Geithner: U.S. Should Retain a Mortgage Backstop
Wall Street Journal Online – – Treasury Secretary Timothy Geithner said Sunday the government should retain ‘some type’ of federal guarantee to ensure that Americans can easily finance home loans, in what could be the latest salvo between the Obama administration and Republicans over…

Bank failure tally passes 100 for the year
CNN Money – – NEW YORK ( — A Minnesota bank was closed by government regulators Friday, the Federal Deposit Insurance Corp. said, bringing the total number of failed banks this year past 100. Community Security Bank of New Prague, Minn.

Market News
Real Estate Weekly: Foreclosures hit neighborhood home prices
MarketWatch – – By MarketWatch Don’t miss these top storie! s: A for eclosure reduces the value of a home by an average 27% — a much higher discount than occurs with other types of forced sales, according to a recent study that will be published in the American…

New-home sales up, but sales remain slow
USA Today – – WASHINGTON — Sales of new U.S. homes jumped last month, but the overall pace was the second slowest on record. The lackluster economy has made potential buyers skittish about shopping for homes…

California Mortgage Defaults Hit Three-Year Low: Report – – The number of California homeowners entering foreclosure dropped to its lowest level in three years during the second quarter of 2010, according to the San Diego-based real estate research firm MDA DataQuick. Lenders filed a total of

Technology News
New iMac, iLife coming soon?
CNET News – – Is Apple ready to update the iMac again? (Credit: CNET) The 27-inch iMac is playing hard to get for some customers, which could mean that an updated version! of the desktop Mac is on its way. MacRumors…
Other News
Congress Eyes New Bill to Aid CRE – – WASHINGTON, DC-The bill would authorize the Treasury Department to provide between $15 billion and $25 billion to support commercial real estate finance…

Smart windows save energy
CNN – – Extract not available.