Industry news you can't afford to miss!

Newsdesk | Volume 2 | Issue 180 | December 9, 2008

Top News
Official: Many re-default despite mortgage modifications - USA Today - - after six months.' Dugan said based on data collected from some of the biggest U.S. institutions, like Bank of America, Citibank and JPMorgan Chase, home foreclosure starts fell by 2.6% in the three months ended in September. However, data, to be issued
U.S. mortgage foreclosures, delinquencies hit record high - Yahoo! - - SAN FRANCISCO (MarketWatch) -- The percentage of U.S. mortgage holders who were behind in their payments soared to a record 6.99% of loans outstanding in the third quarter, the Mortgage Bankers Association said Friday, and foreclosures were also at new...
Lawmakers to Question Fannie, Freddie Ex-Execs - Smart Money - - Of DOW JONES NEWS WIRES WASHINGTON -(Dow Jones)- U.S. House lawmakers plan to press former Fannie Mae (FNM) and Freddie Mac (FRE) executives for answers on the collapse of their firms on Tuesday, as Congress continues to assess blame for the ongoing
JPMorgan sues over loan default on home project - Forbes.com - - NEW YORK, Dec 5 (Reuters) - JPMorgan Chase & Co has sued homebuilders KB Home, Beazer Homes USA Inc and other builders and developers for defaulting on loans for a $1.25 billion planned community of homes near Las Vegas. The lawsuits filed in U.S. D...

Market News
Real Estate Weekly: Mortgage refinancing gets more attractive -- if you're approved - MarketWatch - - Don't miss these top stories: The large drop in mortgage rates last week caused a surge in mortgage applications, with refinance applications making up most of the activity, according to the Mortgage Bankers Association. 'Last week's steep decline i...
Lenders try bulk home sales - Tennessean - - few transactions and have signaled to investors they might be willing to do others. So far, no major lender has fully embraced the idea of selling in bulk. In many cases, they say prices that investors are demanding remain too low. The

Technology News
RealEstate.com acquisition grows brokerage biz - Inman - - Company-owned operations expand to 6 new markets Bookmarking Sites Story Tools Sponsored by: Real Estate.com has expanded its company-owned brokerage operations, picking up 200 agents from Tampa-based New Homes Realty and that company's NewHomes.com Web
$99 iPhone at Wal-Mart in Late December? - PC Magazine - - A cheaper version of Apple Inc's iPhone will be sold at for $99 later this month, the New York Post said. Two models of the popular device will hit shelves at the retail giant, the paper said

Other News
Refinancing Your Mortgage - BusinessWeek - - We talk to a mortgage expert on the pros and cons of refinancing in today's market Applications for mortgage refinancing tripled in early December on news that the Federal Reserve will buy up to $600 billion of mortgage debt. BusinessWeek's personal fin...

For more information about Newsdesk please visit www.productcenter.fntg.com or email Newsdesk@fnf.com