Regulator says Fannie board contributed to accounting woes (Reuters)
Reuters - Risks from an accounting scandal at U.S. mortgage finance Fannie Mae were greatly understated, and deliberate smoothing of earnings overstated income by $10.6 billion, its regulator said on Tuesday in a report on the mortgage finance giant's accounting scandal. More »
Homes in Rust Belt Metros Where Per Capita Incomes Are Rising
While population is down in the Rust Belt cities of Cleveland, St. Louis and Pittsburgh, salaries are up compared with their suburbs. More »
Relocating Your Family: How To Find the Town Right for You
Want to make sure the community you move to supports an environment amenable to raising children? Start out by researching local schools, places of worship and nearby civic organizations, Sue Shellenbarger suggests. More »
Broker Converts Her Business Into a Flat-Fee Franchise
Real-estate professional Donna Chance talks about how and why she became an Assist-to-Sell franchisee. She now works for a flat fee instead of a traditional 6% commission. More »
Cendant announces investor meetings for real estate spin-off
Realogy is expected to become public company by end of June More »
Mississippians charged with real estate loan fraud
Multimillion-dollar scheme centered in Madison County More »
IRS down-payment-assistance ruling gets mixed reviews
Assistance organizations stripped of tax-exempt status More »
Freddie Mac posts 2005 results after delay (AP)
AP - Mortgage finance giant Freddie Mac, emerging from an accounting scandal, was reporting its 2005 financial results on Tuesday after a two-month delay. More »
MLS alters controversial pay-per-access program
Agents can offer property details that formerly required a consumer subscription More »
Freddie Mac year net down 27.6 pct to $2.1 billion (Reuters)
Reuters - Mortgage finance company Freddie Mac , still recovering from a 2003 accounting scandal, on Tuesday said 2005 net income fell 27.6 percent from the year ago, to $2.1 billion. More »
Freddie Mac 2005 earnings drops to $2.1B (AP)
AP - Mortgage finance giant Freddie Mac, emerging from an accounting scandal, reported Tuesday that its income slid to $2.1 billion last year from $2.9 billion in 2004 as it paid to settle a suit by shareholders and took charges related to Hurricane Katrina. More »
Hoping the Sizzle Will Sell The Steak in Condo Slowdown
Developers hope supplying real-estate brokers and potential buyers with coveted party invitations and celebrity access will help spark sales of luxury condominiums before rivals can flood the cooling market. More »
Slower Home Sales Open Up An Opportunity for Some Buyers
For many, the party that was associated with the real-estate boom is over. But not for a subset of investors -- those who target homeowners facing foreclosure. More »
Japanese stocks tumble 2.5 percent (AP)
AP - Japanese stocks plunged Wednesday for a third day as investors reacted anxiously to an overnight plunge on Wall Street. Blue-chip electronics, brokerage and real estate stocks led the decline. More »
Home loan demand falls as interest rates climb (Reuters)
Reuters - U.S. mortgage applications fell last week, reflecting a decline in home refinancing loans as interest rates climbed, an industry trade group said on Wednesday. More »
Overnight real estate rates stand pat
30-year fixed rate at 6.21%; 10-year Treasury yield at 5.08% More »