Treasury moves to implement 'rescue' 
The Treasury Department is "moving rapidly" to implement a plan to buy up toxic assets from banks and financial institutions, but financial ...

Agent leans on experience, Internet 
Editor's note: Inman News is talking to agents and brokers who have persevered through past real estate cycles and is offering their perspective ...

HUD details $4 billion grant program 
Federal housing officials will host three regional summits this month to discuss foreclosure prevention efforts, including a program that's providing ...

Feds OK Wells Fargo-Wachovia merger 
Wells Fargo & Co. has the go-ahead from federal antitrust regulators to acquire Wachovia Corp. in a $12 billion deal that will create a combined ...

Bank fears pushing ARM rates up 
The value of stocks traded on global exchanges has plummeted by an estimated $25 trillion this year, but the bigger worry for many analysts is the ...

Trulia launches 'Market Crisis' site 
Real estate search and marketing site Trulia.com has launched a special page that offers information and perspectives about the current housing market ...

U.S. to purchase stake in banks 
U.S. Treasury Secretary Henry Paulson emerged from a meeting with officials from the Group of Seven (G-7) major industrialized nations today and announced ...

Tuesday, September 30, 2008

House urged to revisit bailout vote 
Observance of the Jewish holiday Rosh Hashanah will likely prevent the House from immediately revisiting its vote to reject legislation that would ...

Canadian company acquires GMAC Home Services 
A Canadian company has entered into a deal to buy GMAC Home Services LLC, which operates one of the largest real estate brokerage companies in the ...

Goomzee releases mobile virtual tours 
Goomzee, a real estate marketing and technology company, has announced the launch of a new tool that allows prospective buyers to view property slideshows ...

VFlyer offers custom branding for property ads 
VFlyer, a real estate technology company that offers tools for real estate professionals to build property ads and distribute property listings information ...

Real estate industry sells 'rescue' plan 
Backers of a plan to allow the government to borrow up to $700 billion to buy troubled assets from banks and financial institutions insist that it's ...

Home-price index drops a record 16.3% 
An index that tracks home-price changes in 20 U.S. metro areas dropped a record 16.3 percent in July compared to the same month last year. The ...

Life after a failed bailout 
Editor's note: The following is a collection of real estate professionals' responses to a real estate-related question. QUESTION: What will happen ...

'Let's not get fooled again' 
Editor's note: The following is a reader comment made on the Sept. 26 Inman News column, "Bailout incites 'grassroots rage.'" "I ...

Fidelity offers public search sites for MLSs 
Fidelity National Financial Inc. is offering a new public face for multiple listing services, in the form of customized online property-search portals. ...

Monday, September 29, 2008

House rejects bailout 
The House of Representatives today rejected a plan to borrow up to $700 billion to buy "toxic" assets from banks and financial institutions, ...

Citigroup swallows up Wachovia 
In the latest consolidation of the banking industry brought about by the credit crunch, Citigroup Inc. will absorb up to $42 billion in losses on loans ...

Survey: Obama better for housing? 
A new survey published Friday -- conducted online by Harris Interactive on behalf of real estate Web site Zillow.com -- found that between the two ...