""Fannie Mae"":http://www.fanniemae.com Chief Executive Officer Daniel Mudd told shareholders Tuesday that he expects the housing correction will last through 2009 and describes the volatile real estate sector as ""the worst...
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Fitch: REO Auctions Growing in Importance
...of today's real estate slow down. The ratings agency concluded in its report that ""taking an early loss through an auction, although appearing larger, may indeed be better than incurring...
Read More »Foreclosures Spark Growth at Online Auction Site
...find real estate deals in this buyer's market, and many of them are finding the deal they are looking for on RealtyBid.com,"" said Tony Isbell, RealtyBid's chief executive officer and...
Read More »Hanover Capital Mortgage Holdings Reports Net Loss
""Hanover Capital Mortgage Holdings, Inc."":http://www.hanovercapitalholdings.com, a real estate investment trust (REIT) that invests in subordinate mortgage-backed securities, announced Monday that the company recorded a net loss of $23.3 million, or...
Read More »RealtyTrac Partners with Point2 Technologies
Irvine, California-based ""RealtyTrac"":http://www.realtytrac.com, an online foreclosure marketplace, announced Thursday that is has entered into a strategic partnership with ""Point2 Technologies, Inc"":http://technologies.point2.com.—a company that provides real estate professionals with Web site...
Read More »REOTrans Handles Thousands of Transactions Online
...returns. The company, which automates the entire default management process for participating vendors, asset managers and real estate agents, says its e-commerce Marketplace processes 100,000 transactions daily. ""This is an...
Read More »Home Prices Drop in 100 out of 149 Metro Areas
...said NAR President Richard Gaylord, a broker with RE/MAX Real Estate Specialists. ""The old real estate mantra of ‘location, location, location’ is perhaps more relevant today than ever before. Consumers...
Read More »Foreclosure Crisis Fuels 72-Hour Home Auction Cycle
Tulsa, Oklahoma-based real estate auction firm ""Williams & Williams"":http://www.williamsauction.com is launching a 72-hour real estate auction on Tuesday that will feature 565 homes in 26 states. The extended auction runs...
Read More »HSBC: U.S. Profits Down
...this credit control process includes the elimination of stated income loans. ""The outstanding balance of stated income loans in our real estate secured portfolio was $7.2 billion at March 31,...
Read More »Red Vision Systems Hires Maryland State Manager
Parsippany, New Jersey-based ""Red Vision Systems Inc"":http://www.redvision.com., a company that offers real estate property research solutions, has hired Jacqueline Young to serve in the role of Maryland State Manager. In...
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