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Newsdesk | Volume 2 | Issue 163 | October 3, 2008

Top News
Mortgage applications plunge - CNN Money - - In yet another sign of the economic crisis, the Mortgage Bankers Association said Wednesday that mortgage applications plunged 23% last week. The MBA said its seasonally adjusted index of mortgage application activity dropped to 455.4 in the week ended...
U.S. Home Prices Continue Record Drop - Forbes.com - - A closely watched index released Tuesday showed home prices tumbling by the sharpest annual rate ever in July, and though the monthly rate of decline is slowing, there is no turnaround in sight. The Standard & Poor's/Case-Shiller 20-city housing index f...
Credit Markets Go From Bad to Worse to Ugly - Wall Street Journal Online - - Extract not available.
New FDIC limits could hurt some banks - CNN Money - - raising deposit caps for consumers won't correct many of the loan troubles that banks overall face as the housing market continues to falter. Nor would it stop the wholesale depositors, like money market funds who go in search of the best returns at

Market News
Fidelity offers public search sites for MLSs - Inman - - Real estate tech brief Bookmarking Sites Story Tools Sponsored by: Fidelity National Financial Inc. is offering a new public face for multiple listing services, in the form of customized online property-search portals. The company's Cyberhomes MLS Porta..
Fannie Mae Releases August 2008 Monthly Summary - Forbes.com - - WASHINGTON, Sept. 30 /PRNewswire-FirstCall/ -- Fannie Mae's (NYSE: FNM) August 2008 Monthly Summary is now available at
Federal Program Would Help Homeowners - NPR - - Struggling homeowners can now get help under the federal government's Hope For Homeowners program.
Stewart Title Guaranty Company Announces Settlement - Forbes.com - - Stewart Title Guaranty Company, a wholly owned subsidiary of Stewart Information Services Corp. (NYSE:STC), announced today that it has settled a $1,950,000 proceeding brought by the State of Washington's Office of Insurance Commissioner (OIC) with a pa...
Get ready for real estate consolidation - Inman - - Extract not available.
In Option-ARM World, Only Two Large Lenders Remain - SmartMoney - - Of all the large lenders that wrote Option ARM, or so- called Pick-A-...
Technology News
VFlyer offers custom branding for property ads - Inman - - Real estate technology brief Bookmarking Sites Story Tools Sponsored by: VFlyer, a real estate technology company that offers tools for real estate professionals to build property ads and distribute property listings information to a variety of sites, i...
Coldwell Banker dials in with iPhone interface - Inman - - Real estate tech brief Bookmarking Sites Story Tools Sponsored by: Coldwell Banker Real Estate on Tuesday announced a redesign for its ColdwellBanker.com Web site and navigational tools that are customized for display on iPhones. The Web site 'automatic...

Other News
Trump: Big buildings in big trouble - Building Design & Construction - - Chicago TribuneFrom near the top of the 92-story Trump International Hotel & Tower Chicago, one can look down on the skyline and a frozen real estate market that is derailing local developers, sellers and buyers. To the east is the concrete foundation...

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