Top News
Housing Starts Sputter - Forbes.com - - Desmond, 07.17.08, 10:50 AM ET A jump in American housing start numbers in June sounded too good to be true... and it was. Multi-family housing starts in New York City fueled a spike in June of the number of building permits and overall housing starts,...
Fitch cuts Fannie preferred shares, may cut Freddie - Reuters - - NEW YORK, July 17 (Reuters) - Fitch Ratings on Thursday cut Fannie Mae's (FNM.N: Quote, Profile, Research, Stock Buzz) preferred stock ratings and said it may cut them again and also may downgrade Freddie Mac's preferreds due to uncertainties of how U.S...
Feds fight the fear factor - CNN - - Washington is tying itself in knots trying to shore up confidence in the financial sector. In just the past week, officials have moved to curtail short-selling, promised a crack down on market rumor mongers and cooked up a rescue plan for beleaguered m...
Fed: Fannie, Freddie in no danger of failing - CNN - - rates to fend off higher prices would deal a setback to the fragile economy and the already crippled housing market. Against that background, most economists predict Bernanke and his colleagues will leave rates alone when it meets next on August 5.

Market News
DBA who stole consumer data gets 57 months in prison, $4M bill - Computerworld - - (Computerworld) A former database administrator at Certegy Check Services Inc. who admitted last year that he stole the personal data of about 8.5 million consumers and sold the information to data brokers has been sentenced to 57 months in prison by a...
Mortgage Applications Continue to Increase for a 3-Week Rally - RIS Media - - The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending July 11, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 522.2, an increase of 1.7% on a seasonally adjusted..

Technology News
PropertyMaps.com Names New CEO - RIS Media - - the content wirelessly to Internet-enabled phones, PDAs, GPS-enabled and other mobile devices. Visitors are also able to access foreclosure or pre-foreclosure homes on PropertyMaps.com, through a partnership with RealtyTrac. For more information, visit

Other News
The Upside of a Downturn - Buyers Get More House for Their Money - RIS Media - - (MCT)-Mark and Caryn Stansfield loved the Wayne split-level with views of Pines Lake, New Jersey when they first saw it last summer. But at $570,000, it was out of their price range. Then the asking price was cut to $499,900. The Stansfields, who had be...
FBI investigating fraud at failed IndyMac - MSNBC - - WASHINGTON - Now-defunct IndyMac Bancorp Inc. is under investigation by the FBI for possible fraud in connection with home loans made to risky borrowers, The Associated Press has learned. It was not immediately clear how long the FBI's probe of the ba...
Examine the Demographics Determining Homeownership in the US - Earthtimes.org - - Author : RESEARCH-AND-MARKETS Category : Press Release News Alerts by Email ( click here ) Press Release News | Home DUBLIN, Ireland - (Business Wire) Research and Markets (http://www.researchandmarkets.com/research/a00c21/americans_and_thei) has annou...
U.S housing starts and permits up in June - UPI - - at 11:00 AM Order reprints | | Email to a Friend | Post a Comment Related Stories WASHINGTON, July 17 (UPI) -- Privately owned housing starts jumped 9.1 percent in the United States in June, the U.S. Commerce Department reported Thursday. The season...