Top News

Feds rethink policies that encourage home ownership 
USA Today – – Just ho w much should Uncle Sam do to help Americans buy their own homes? For 70 years and for the last 15 in particular the answer has been: Whatever it takes. Now, policymakers are pausing to reconsider.
$3 billion more for jobless homeowners
CNN Money – – NEW YORK (CNNMoney.com) — The Obama administration is making $3 billion in additional funds available to help troubled homeowners avoid foreclosure.

 

Market News
30-year mortgage rates hit another low: 4.44%
USA Today – – WASHINGTON – Mortgage rates sank to the lowest level in decades this week, pushed down by the Federal Reserve’s move to buy up government debt to help lift the economic recovery. Mortgage
Mortgage Applications Essentially Unchanged Despite Lowest Rates in MBA Weekly Survey 
Mortgage Bankers Association – – Welcome to MBA. The Refinance Index increased 0.6 percent from the previous week and the seasonally adjusted Purchase Index increased 0.3 percent from one week earlier.
Home prices slowly creeping up 
CNN Money – – NEW YORK (CNNMoney.com) — The weak economy and continued high unemployment has kept housing markets cool.
Harsh Foreclosure Report Has A Silver Lining 
NPR – – RealtyTrac, a firm that follows foreclosure filings, reports that foreclosure activity was up in July. But that’s still an improvement over last year’s numbers, highlighting the two-faced nature of this report.
Fannie Mae Closes HomeSaver Advance Program
DSNews.com – – Fannie Mae says it is retiring one of its foreclosure prevention options. The GSE’s HomeSaver Advance (HSA) program will be taken off the table on September 30.

 

Technology News 
Twitter Unveils ‘Tweet’ Button
PC Magazine – – Twitter on Thursday unveiled its “tweet” button, which will let users share links on Twitter directly from the Web site they are visiting
Verizon unveils Droid 2
CNN Money – – NEW YORK (CNNMoney.com) — Verizon Wireless on Tuesday unveiled! the Motorola Droid 2, the successor to one of the company’s most prominent and best-selling devices. The Droid 2 will be available in stores Thursday and for pre-sale online Wednesday.

 

Other News
The Shrinking Second Home 
Wall Street Journal Online – – Even in the up-and-down world of real estate, this pitch may sound a little funny: ‘Affordable housing for the affluent.