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Loan mods don't halt defaults Premium Content

By Inman News, Monday, December 8, 2008.

Nearly six out of ten troubled borrowers who were able to negotiate loan modifications during the first quarter re-defaulted after eight months, Comptroller of the Currency John C. Dugan said today.  more...

The Year of the Bailout?

By Inman News, Monday, December 8, 2008.
Flickr photo by <a href="http://flickr.com/photos/hojusaram/484374008/">hojusaram</a>.

The federal government takes over mortgage giants Fannie Mae and Freddie Mac. Congress approves a spending package worth up to $700 billion in an effort to snap the credit crunch. IndyMac Bank fails. Bank of America absorbs Countrywide, JP Morgan Chase picks up Washington Mutual Bank, and Wells Fargo & Co. grabs Wachovia Corp. Zillow and Redfin announce layoffs. Help-U-Sell and LandAmerica enter bankruptcy proceedings, Canada's Brookfield Residential Property Services buys GMAC Home Services LLC.  more...

RealEstate.com acquisition grows brokerage biz Premium Content

By Glenn Roberts Jr., Monday, December 8, 2008.

RealEstate.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 site.

RealEstate.com, Realtors, along with affiliate LendingTree.com, spun off on Aug. 20 from parent InterActiveCorp (IAC) to form an independent company, Tree.com.  more...

The driver behind OpenHouse.com

By Inman News, Monday, December 8, 2008.

Ben Phillips, vice president of new products and research for the Realogy Franchise Group, is also managing director for OpenHouse.com, a Realogy-operated site that allows searches for open-house events scheduled across the country. The site, which is also open to non-Realogy brands, offers e-mail alerts, interactive maps and a route-planning tool.  more...