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Fannie raising fees, tightening standards Premium Content

By Matt Carter, Friday, August 8, 2008.

Fannie Mae is tightening underwriting standards, increasing fees, and will stop buying newly originated alt-A loans by the end of the year, the company said in announcing a $2.3 billion quarterly loss.

The nation's biggest financer of mortgages also said it's opening new offices to sell real estate-owned properties in hard hit areas like California and Florida, and is bringing on new employees in loss mitigation to engage in more workouts with troubled borrowers.  more...

A proposal for 'MLS 5.0' Premium Content

By Inman News, Friday, August 8, 2008.

Multiple listing services are not dead or irrelevant, real estate real estate technology industry guru Saul Klein says in a paper released this week, though they must evolve to embrace Web 2.0 ideals and expand beyond for-sale listing information to encompass parcel-based information.

It's not an entirely new concept for the real estate industry. Third-party sites such as Zillow and Cyberhomes, among others, already provide a range of information on tens of millions of U.S. homes at free public Web sites.  more...

Patience pays for real estate bargain hunters

By Inman News, Friday, August 8, 2008.

Redfin offers real estate bargain-hunting tips  more...

ZipRealty announces net loss, growth in agents

By Inman News, Friday, August 8, 2008.

ZipRealty, a real estate brokerage company that offers service discounts to sellers and rebates to buyers, on Thursday reported a net loss of $1.7 million, or 8 cents per share, in the second quarter ended June 30, 2008. That compares to a net loss of $1 million, or 5 cents per share, in the same quarter last year.  more...

Move Inc. reports Q2 loss of $2.2 million

By Inman News, Friday, August 8, 2008.

Realtor.com operator Move Inc. on Thursday reported a $2.2 million net loss in the second quarter, or 1 cent per share, compared with net income of $4.4 million, or 3 cents per share, in second-quarter 2007.  more...