Yahoo! News: Business - Real Estate
Fed's Bernanke sees U.S. backing Fannie, Freddie debt (Reuters)	3/17/2010 4:07 PM
Reuters - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday.
CIBC wins dismissal of suit over subprime holdings (Reuters)	3/17/2010 1:57 PM
Reuters - A U.S. federal judge dismissed a shareholder lawsuit accusing Canadian Imperial Bank of Commerce and four executives, including Chief Executive Gerald McCaughey, of misleading investors about the bank's exposure to subprime mortgages.
Moving target: Goal for foreclosure aid in dispute (AP)	3/17/2010 1:52 PM
AP - Last year, the message was clear. Now it is murky.
Wells Fargo signs up for loan modification program (AP)	3/17/2010 12:15 PM
AP - Wells Fargo & Co. has become the second bank to sign up for a government program to modify second mortgages.
Bailout watchdog to audit gov't mortgage program (AP)	3/17/2010 11:12 AM
AP - The federal bank bailout watchdog is planning to scrutinize the formula used by mortgage companies to evaluate borrowers for the Obama administration $75 billion mortgage relief program.
Fannie Mae slashes mortgage investment forecast (Reuters)	3/17/2010 9:25 AM
Reuters - Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a "setback" in home sales, and warned on its impact on the economic recovery.
Welcome to Real Estate Investing 101 and 102 (BusinessWeek)	3/17/2010 6:08 AM
BusinessWeek - After the housing bubble nightmare, does it still make sense to invest in real estate?
Getting a Mortgage Without Perfect Credit (BusinessWeek)	3/17/2010 6:08 AM
BusinessWeek - The government keeps promoting programs designed to help existing homeowners refinance their mortgages at a lower rate, as well as get perspective buyers into homes. In other words, Uncle Sam says he's here to help. "Phooey," say homeowners and prospective homeowners, who keep complaining that it is ridiculously hard to get a mortgageor refinance one. Can both sides be right? Unfortunately, yes. But if you are willing to do a bit more work than in the past, it is possible to lower your mortgage rate to 5% or arrange to buy your first home. It is clear that there is pent-up demand to do both. ...
When Will Mortgage Rates Go Up? (BusinessWeek)	3/17/2010 6:08 AM
BusinessWeek - Over the last several months, I've written a lot about the current state of residential real estate, and the opportunities made available by the combination of lower housing prices and falling interest rates. As we approach the end of this year's residential real estate buying-and-selling season, this is a good time to start thinking about what might lie ahead.
Ex-exec testifies in KB Home fraud trial in LA (AP)	3/16/2010 6:45 PM
AP - A former executive of KB Home testified Tuesday against former chairman and Chief Executive Bruce E. Karatz, who is accused of bilking shareholders out of millions of dollars by backdating stock options.

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