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Industry News 1-27-2009

By Paul Guenther - WFG Title

Title Insurance with WFG NATIONAL TITLE INSURANCE COMPANY

January 27, 2009 03:02 AM

Here are some links to news in our industry. If I posted correctly the links should work.

Have a great day!!

Paul

Existing home sales in surprise jump - CNN Money - - 4 million units projected by a consensus of industry analysts as reported by Briefing.com. Still, December's existing home sales are down 3.5% compared with December of 2007, when the seasonally-adjusted, annual rate was 4.91 million. Thanks to the sales
BofA's Ken Lewis in the hot seat - CNN Money - - off two massive purchases last year during a time of turmoil, the acquisition of the troubled mortgage lender Countrywide and, of course, Merrill Lynch. Lewis' respect within the industry ran so deep that he was even bestowed with the title of 'Banker of
New Fannie, Freddie rules on the way - CNN - - early next week governing the mortgage finance companies' portfolios, which play a crucial role in the nation's housing market. The Federal Housing Finance Agency is required by Congress to issue regulations ensuring the companies' portfolios are backed

Market News
Real Estate Weekly: Home builders see 'green' as way to stay out of the red - MarketWatch - - Don't miss these top stories: Bye-bye McMansion LAS VEGAS -- People who attended the International Builders' Show when it was held here several years ago remember how crowded it was on the show floor or how long it took to get a cab. With the industry
Foreclosure flood: Worse than you think - CNN - - highs, are underestimating the situation. And if that's the case, it could take much longer for the housing market recovery than analysts currently expect. Until supply can be brought down to a more normalized level of six to seven months, home prices
A Home-Buyer Tax Credit Worthy of the Name - Washington Post - - thinking about buying a house this year -- taking advantage not only of low prices and record low mortgage rates, but a temporary tax credit that might or might not eventually have to be repaid. · The $7,500 is available to singles, married couples

Technology News
New CyberhomesBlog.com Delivers Tech and Trend News for the Real Estate, Mortgage Industries - RIS Media - - of Internet communication and interaction. Cyberhomes.com is the home and neighborhood evaluation portal launched in 2007 by Fidelity National Financial, Inc., a Fortune 500 provider of products, services and technology solutions to the financial and

Other News
Mortgage Expert Tim Carroll Writes Step-by-Step Guide on the Loan Modification Process - Forbes.com - - length of the loan, past-due payments or principal balance. Loan modification is, according to Carroll, designed to avoid foreclosure. He notes that the average cost of a loan modification is $3,500 A homeowner may be a candidate for loan modification if
Comml Real Estate Loan Delinquencies Inch Higher For Banks - CNN Money - - sector had provided a significant source of financing for acquisitions and refinancing transactions in commercial property. After the housing market crumbled more than a year ago, many industry experts predicted that commercial real estate would bend but
Prefab Home Designer Bucks A Downward Trend - NPR - - homes with their corrugated metal walls, huge windows and strong horizontal lines are selling despite a dismal housing market. One of her sleek designs about an hour's drive from St. Louis sits in sharp contrast to the neighboring hog barn. Step