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Study: Wealth no protection from discriminatory lending

By Matt Carter, Thursday, July 31, 2008.

An analysis of mortgage lending patterns in 2006 reveals that minorities were more likely to get high-cost loans than whites, and that the problem was even more pronounced as income levels increased.  more...

Real estate firm charged with racial discrimination Premium Content

By Glenn Roberts Jr., Thursday, July 31, 2008.

The U.S. Department of Justice has filed a lawsuit on behalf of a fair-housing organization, charging a RE/MAX brokerage and an affiliated agent in northern Illinois with housing discrimination.

The lawsuit, filed July 18 in U.S. District Court in the Northern District of Illinois, charges that testing conducted by the National Fair Housing Alliance revealed discrimination based on race and national origin.  more...

Loan servicers rewarded with double pay

By Inman News, Thursday, July 31, 2008.

Freddie Mac offers carrots for short sales, loan workouts  more...

Mercury Cos. exits three states Premium Content

By Matt Carter, Thursday, July 31, 2008.

Mercury Companies Inc. is closing down its title and escrow subsidiaries in California, Texas and Arizona, after the Colorado-based company was denied additional credit by lenders.

In California, Mercury subsidiary Financial Title Co., a title and escrow service provider with 57 offices in 10 counties, closed its doors Wednesday much the way sister company Alliance Title did in December -- abruptly, and with little warning to employees, clients or regulators.  more...

Workouts let thousands keep their homes

By Inman News, Wednesday, July 30, 2008.

Loan servicers report record workouts
The HOPE NOW coalition of mortgage loan servicers engaged in a record number of workouts with borrowers facing foreclosure in June and the second quarter of 2008, the group said today. Servicers completed more than 181,000 workouts in June and 522,000 in the second quarter -- loans that otherwise would have gone into foreclosure, the group said.  more...

Postlets syndicates real estate data to search sites

By Inman News, Wednesday, July 30, 2008.
Postlets screenshot.

Editor's note: Tech Profile is a new Inman News feature that provides details about real estate technology companies.

Company name: Postlets.

Company headquarters: San Francisco Bay Area.

Contact information: feedback@postlets.com.

Number of offices: 4 virtual offices spread across San Francisco Bay Area and Boston.

Web site: www.postlets.com.  more...

REBNY: NYC prices and permits rise, sales fall

By Inman News, Wednesday, July 30, 2008.

The following is a roundup of real estate news items:  more...

FHA changes make housing bill a 'mixed bag' Premium Content

By Matt Carter, Wednesday, July 30, 2008.
President signs housing bill.

President Bush signed historic legislation today that props up mortgage financers Fannie Mae and Freddie Mac and authorizes a $300 billion expansion of Federal Housing Administration loan guarantee programs.  more...

Foreclosure market can represent opportunity, liability Premium Content

By Inman News, Tuesday, July 29, 2008.

Editor's note: The following is a collection of reader's comments found on Inman.com:

Agents between 'rock and a hard place' with REO listing agreements
Lenders stick agents with REO liabilities
"Anybody who has handled a foreclosure knows the listing agreements are completely one-sided. But in this market, the agents and brokers have no choice but to sign them as they exist or forego the revenue stream that foreclosures represent. The banks will not give you the listings unless you sign the agreement.  more...

Are you eligible for FHA loan?

By Inman News, Tuesday, July 29, 2008.

LendingTree facilitating FHA-backed loans
Borrowers who are interested in Federal Housing Administration loan guarantee programs can now check their eligibility and request four loan offers from qualified FHA lenders using the LendingTree Network. LendingTree has expanded its filters to allow borrowers looking for refinance or purchase loans to check their eligibility for FHA loan programs based on county-level loan limits and loan-to-value ratios.  more...

Point2 reports continuing growth in subscribers

By Inman News, Tuesday, July 29, 2008.
Point2Homes.com screenshot.

Editor's note: Tech Profile is a new Inman News feature that provides details about real estate technology companies.

Company name: Point2 Technologies Inc.

Company headquarters: Saskatoon, Saskatchewan, Canada.

Contact information: phone (888) 955-7900; fax (888) 955-5171; mail 500-3301 8th Street East, Saskatoon SK S7H 5K5, Canada; e-mail info@point2.com.

Number of offices: 2 (Saskatoon and Vancouver, British Columbia, Canada).  more...

Keeping up with 'Gen-M'

By Inman News, Monday, July 28, 2008.

The following is a roundup of real estate technology news:

Futurist addresses 'Gen M' needs
SAN FRANCISCO -- "Generation Millennium," the group born from 1979-97 that grew up with interactive media, is moving faster than technology, according to Michael Rogers, futurist-in-residence of the New York Times.  more...

Congress sends sweeping housing bill to president Premium Content

By Matt Carter, Monday, July 28, 2008.

The Mortgage Bankers Association is calling a sweeping housing bill headed to President Bush's desk this week "the most important housing-related legislation in more than a generation."

But some critics say that although the legislation provides a much needed backstop to keep Fannie Mae and Freddie Mac's doors open, it will do little else to lessen the impact of the housing downturn.  more...

Maximize productivity with fewer gizmos

By Pooja Kumar, Monday, July 28, 2008.

SAN FRANCISCO -- With all the different gizmos and gadgets, and each claiming to be the latest and greatest new thing among consumers, you may feel like you absolutely have to have all of them.

The key, however, is finding the tool that works for you and maximizes its potential to help your productivity, and that's easier said than done, according to a set of real estate professionals who spoke during the Real Estate Connect conference last week.  more...

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