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Bank run fears at Indymac

By Inman News, Monday, June 30, 2008.

Schumer letters make Indymac depositors edgy  more...

It's raining 'outside blogs' Premium Content

By Matt Carter, Monday, June 30, 2008.
Columbus, Ohio, real estate agent Marueen McCabe's ActiveRain outside blog.

The ActiveRain Real Estate Network is offering its nearly 100,000 members free "outside blogs" that they can dress up with their own branding and set up at their own custom domain or a subdomain within ActiveRain.com.

While many companies offer free blogs, Active Rain's rollout of an outside blog capability allows members to write up a post using the network's blogging platform and, with a push of a button, publish to as many as four sites:  more...

Industry mourns loss of October Research founder

By Inman News, Monday, June 30, 2008.
Joseph R. Casa

Joseph Renaldo Casa, who made the transition from the world of title insurance and electronic record-keeping to fulfill a lifelong goal of starting his own publishing company, died Saturday in the comfort of his Ohio home, surrounded by family. He was 55.  more...

Wells Fargo, Ticor in hot water over short sales

By Inman News, Monday, June 30, 2008.

Wells Fargo, Tico settle allegations of false FHA claims
Federal prosecutors in Arizona said they reached a $4.3 million civil settlement with Wells Fargo Bank and Tico Title Agency of Arizona this month that settles allegations that Wells Fargo submitted false claims to the Federal Housing Administration's pre-foreclosure sales program.  more...

Ex-agent doesn't miss shoveling dog doo

By Inman News, Monday, June 30, 2008.
Tom Geller

Tom Geller is a freelance writer in San Francisco and author of "Save My Home: 10 Steps for Avoiding Foreclosure."

Geller worked as a real estate agent before becoming a full-time freelancer and discusses the similarities in the two professions.

Geller will speak during the Foreclosure Workshop at Real Estate Connect in San Francisco, July 23-25, 2008.

He answered a set of questions posed by Inman News:  more...

Site posts foreclosure addresses for free

By Inman News, Friday, June 27, 2008.
Listings at ForeclosurePoint.com include aerial maps.

ForeclosurePoint, a Seattle-area data company, is offering free information about foreclosure filings, including property addresses and filing dates, to registered users.

The site offers a database of about 1.2 million properties with foreclosure filings in 35 states.  more...

Title agency's funds and founder vanish

By Inman News, Friday, June 27, 2008.

Large Florida title company in receivership
A 32-year-old title company that once boasted seven offices and 85 employees in Palm Beach County, Fla., is in receivership, its founder's whereabouts unknown, with an underwriter saying $2.5 million in escrow funds are missing.  more...

Marketing guru rocks out to Pennywise, No Doubt

By Inman News, Friday, June 27, 2008.
Nicole Nicolay

Nicole Nicolay, co-founder of Effektive Solutions, a real estate technology and marketing company, was raised in a family of Realtors. She got her start in the real estate industry as a receptionist for a San Francisco Bay Area real estate brokerage company, where her father served as managing broker.

Nicolay also is a contributor to MyTechOpinion, a real estate technology blog.  more...

Stop hyping my market

By Inman News, Friday, June 27, 2008.

Charlotte real estate not as rosy as media reports
Realtor magazine senior editor Wendy Cole was recently surprised by the reaction of real estate agents in Charlotte, N.C., when she traveled there with the intention of reporting on the "upbeat news out of ... a major financial hub committed to smart growth."  more...

Speed of price correction is 'almost unprecedented' Premium Content

By Glenn Roberts Jr., Thursday, June 26, 2008.
Related Podcast/Video: 
USC economist looks ahead to 2009

SAN FRANCISCO -- The bad news: It's "almost unprecedented" that home prices are falling "this swiftly and this steeply in this short period of time" in some California market areas.

That's according to Delores A. Conway, director of the Casden Real Estate Economics Forecast at the University of Southern California Lusk Center for Real Estate, who spoke Thursday during an economic and housing forecast presentation at PCBC, an annual builders' conference.

Prices have fallen about 30 percent in the past two years in some market areas in the state, she said.  more...

Prudential partners with Cyberhomes, Google Base

By Inman News, Thursday, June 26, 2008.

Citing their popularity with consumers, Prudential Real Estate Affiliates Inc. said it's begun sending listings to Cyberhomes, AOL.com, Google Base and Oodle, and will purchase display and banner ads on Cyberhomes and Oodle. Prudential Real Estate, which claims more than 2,100 franchise offices and 64,000 sales professionals, said it kicked off the new partnerships today by sending 140,000 for-sale property listings to the sites.  more...

Market's 'mania' and 'bulimia' revealed

By Inman News, Thursday, June 26, 2008.

SAN FRANCISCO -- Gary Hamel, a strategist on management practices who has consulted with major U.S. companies, described "bankers' bulimia" as he summed up the contributing factors to the housing slump and credit crunch.

"Bankers are as susceptible to manias as Japanese teenage girls," said Hamel, as he displayed an image of youths wearing wildly colored, mismatched socks.  more...

30-year loans still cheaper than a year ago Premium Content

By Inman News, Thursday, June 26, 2008.

Fixed rates stable, ARM rates up on Fed uncertainty  more...

Redfin takes Chicago

By Inman News, Thursday, June 26, 2008.

Redfin Corp., a real estate company that offers deep discounts to real estate buyers in the form of rebates and flat-fee services for sellers, announced today that it has expanded brokerage services to the Chicago area and added property-search capabilities for about 100 counties.  more...

Introducing 'Mr. Is,' an MLS superhero

By Inman News, Wednesday, June 25, 2008.
Mr. Is

A multiple listing service -- which facilitates the exchange of information and offers of compensation among participating real estate brokers -- isn't the typical backstory for a comic book superhero.

And Mr. Is, a play on the MRIS acronym for the Washington, D.C.-area Metropolitan Regional Information Systems Inc. MLS, is not the typical superhero.  more...

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