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TODAY'S TOP STORIES
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Friday, May 08, 2009 Rental model offers alternative to REO
When foreclosures started increasing in number, the top reason was that lenders were giving too much to too many without proper checks and balances -- sometimes fraudulently, but more often within the lax underwriting practices at that time.
The second reason was that buyers were using their home as ATM machines, borrowing more and more because they could, and in some cases with no intention of ever making the first payment, let alone subsequent payments. They even flipped homes with no value added -- right at the closing table -- with no controls imposed. With ever-rising unemployment rates and devalued investments, that picture has changed dramatically. More »
Realtor.com parent loses $10.6M in Q1
Realtor.com operator Move Inc. reported a first-quarter net loss of $10.6 million, or 7 cents per share, citing $1.9 million in severance pay and $8.7 million in stock-based compensation charges associated with executive departures and an incoming CEO. More » Failed short sales take heavy toll
Finally, this huge problem is being looked at and openly discussed. What is taking so long? Because of the lack of lender cooperation we have lost billions of dollars in property values, caused additional unemployment, strain on local tax revenues and more homes going into foreclosure. More » Century 21 announces Realtor.com ad deal
Century 21 Real Estate LLC this week announced an agreement that will enhance property information that the company's franchisees supply to real estate search site Realtor.com. More » Mortgage rates bounce off lows
Rates on mortgages eligible for purchase by Freddie Mac bounced back slightly from last week's record lows, but remain well under 5 percent. More » OTHER TOP STORIES 'Hope for Homeowners' revamp planned
Differences in House, Senate bills must be resolved Sellers' debate: Arbitrate or mediate?
Giving up right to sue concerns some Real estate tech for non-techies
Realtor Notebook Quitclaim scheme won't fly with IRS
Home-buying strategy may be hiding assets Zillow: Estimated home values fall 14%
About 1 in 3 sales are foreclosures, short sales Tenant uproar over assigned parking
New rule increases stress factor More Headlines » | 
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