Newsdesk | Volume 3 | Issue 242 | August 20, 2009 

Top News
Economic Preview: Housing hits a bottom – MarketWatch – – builders are gradually becoming more hopeful, even though surveys show most builders are still very discouraged. The builders’ housing market index has risen in four of the past five months. Housing starts have increased in four of the past five months
Colonial’s failure could make mortgages more scarce – CNN Money – – to get. NEW YORK ( — The collapse of Colonial BancGroup poses another hazard to the still-shaky housing market: Mortgages could become even harder to get. The Southern regional bank, based in Montgomery, Ala., was the largest remaining
New Century Investigation Drags On in Silence – California Real Estate Journal – – Daily Journal Staff Writer In early 2007, the audit committee at New Century Financial Corp. convened in Irvine for what some would later describe as an ‘ugly’ meeting. Management at the subprime mortgage lending giant had quietly changed its accounting
Personal Bankruptcy Filings Rise 34 Percent – Washington Post – – Association of Consumer Bankruptcy Attorneys, said people had traditionally chosen to file for Chapter 13 to stave off foreclosure. But doing so does not decrease their monthly mortgage payments. Now that so many homeowners face higher interest rates and
BofA, Capital One See Defaults On Credit Cards Rise in July – CNBC – – Capital One Financial and Bank of America’s U.S. credit-card defaults and delinquencies rose in July, as more Americans lost jobs and struggled to pay their debts. The trend differs from American Express’ comments
Market News
Real Estate Weekly: Home sales inch up in second quarter – MarketWatch – – on borrowers who are underwater on their mortgages. While there have been some recent positive signs for the housing market, Humphries was quick to note that there are also lingering challenges to home-price stabilization in the months ahead. ‘Despite
Will The Real Fidelity Please Stand Up? – Inman – – corporate history. Thankfully several timelines made my job quite easy; here are my findings: It all started when Fidelity National Financial (FNF) acquired Chicago Title and Trust Co. in 2000. Finalized on March 20th, the acquisition set FNF up to host
Technology News
TomTom For iPhone Spells An End To Standalone GPS – PC World– – The new TomTom app that turns an iPhone into a spells the beginning of the GPS. Not everywhere, but at least on dashboards, where a smartphone can now do everything a GPS can do and cost less than
Other News
Homebuyers Hurry to Beat Deadline for $8,000 Tax Credit – CNBC – – at the highest rate in more than a quarter century, most economists agree. But various federal stimulus offers, mortgage rates that sank to record lows in April and pockets of economic strength make home buying more fathomable. Odete Gomes, a 30-year old
U.S. home builders’ confidence is highest since June 2008 – MarketWatch – – time in the past year, but most of them still think the market is poor, according to the housing market index released Monday by the National Association of Home Builders. The home builders’ index climbed to 18 in August from 17 in July. It’s the highest
For more information about Newsdesk please visit or email