Newsdesk | Volume 3 | Issue 251 | September 25, 2009

Top News
Fed: Upbeat, optimistic – USA Today – – of mortgage-backed securities and another $200 billion in mortgage-related debt by year’s end. The initiative has lowered mortgage rates. On Wednesday, the central bank said it would buy a total of $1.25 trillion by March 31. ‘I think that’s very
Video: FHA Commissioner Speaks Out – MSNBC – – Extract not available.
B of A pays $425 million to end government agreement – MSN Money – – B of A had agreed to pay the government a fee of 3.7% in exchange. The arrangement was never used, but the government said the bank benefited from the promise of protection.
Market News
Existing home sales slide unexpectedly – CNN Money – – a four-month streak of increases with a dip of 2.7% in August. NEW YORK ( — Existing home sales fell in August, snapping a four-month streak of increases, according to a report released Thursday. Sales of previously-owned homes fell 2.7%
Mortgage rates hold at three-month lows – MarketWatch – – CHICAGO (MarketWatch) — Mortgage rates held their three-month lows this week, with the 30-year fixed-rate mortgage averaging 5.04%, unchanged from last week, according to Freddie Mac’s weekly survey of conforming mortgage rates
Home loan demand hits highest since late May – MSNBC – – U.S. mortgage applications jumped last week to their highest since late May as interest rates tumbled below 5 percent, data from an industry group showed on Wednesday.
Mortgage reform targets excessive costs – Inman – – Many borrowers duped into taking loans with higher rates Of all the issues that have bedeviled regulators and legislators dealing with consumer protection, perhaps the most troublesome have been abuses connected to mortgage loan originator
Technology News Owner/CEO Launches – PR Newswire via Yahoo! – – /PRNewswire/ — Founder, President and CEO, Brad Geisen, announced today that he has built the first-ever short sales offer management system that handles marketing, processing, negotiating and closing services all in one central
Best smartphones for business users – CNET – – Smartphones have changed the way we work, so no longer are we slaves to our desks. These PDA/cell phone combos help us stay in touch with the office, get work done on the road, check e-mail, obtain news, and more.
Other News
Portland Realtor turns to bike sales – Oregonian – – over racing stripes and spoilers to spokes. Kirsten Kaufman doesn’t roll like that. She’s the Bike Realtor. Kaufman, a broker for three years, shifted her marketing last year to capture Portland’s growing ranks of home-buying bikers. Portland is the
Need a mortgage? Consider an FHA loan – CNN Money – – the heyday of no-money-down lending, you were unlikely to have a buyer using a government-insured Federal Housing Administration (FHA) loan, which lets borrowers purchase a home with a down payment of as little as 3.5%. Now FHAs are the only game in town
Realtors® Weather the Commercial Real Estate Market – REALTOR Magazine – – study’s results represent Realtors® who practice commercial real estate; these Realtors® comprise more than 81,000 of NAR’s 1.2 million members. The survey shows that the median sales volume in 2008 was down nearly 10 percent since 2006, resulting
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