Weekly News

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Fed gathers to take U.S. economy's pulse - USA Today - - WASHINGTON - With the U.S. economy turning a corner, Federal Reserve policymakers will consider whether some programs intended to ease the recession and stem the financial crisis should be extended.
Fed leaves U.S. rates at historic lows, plans to gradually reduce Treasury purchases - MarketWatch - - Economy leveling out; Fed vows to keep rates low for a long time Explore related topics Story Comments Screener (19) AlertEmail Print WASHINGTON (MarketWatch) - The Federal Open Market Committee promised again Wednesday to keep interest rates
The gift of TARP keeps giving at Citigroup - CNN - - NEW YORK (CNNMoney.com) -- Citigroup said Tuesday it provided $6 billion in new loans backed by taxpayer money in the latest quarter, with most of those funds going to state and local governments and propping up the housing market.
No Deal Yet Between BofA and the SEC - BusinessWeek - - A federal judge refused to approve a proposed settlement between Bank of America and the U.S. Securities and Exchange Commission over the payment of bonuses to Merrill Lynch employees, saying he was unable to determine if it was fair to the public.
Mortgage applications take a dip as rates rise - MarketWatch - - Story Comments Screener (7) AlertEmail Print CHICAGO (MarketWatch) -- Mortgage rates jumped last week, prompting the volume of home-loan applications to slip a seasonally adjusted 3.5% compared with the previous week, the Mortgage Bankers Association

Market News
Home sales up 3.8% for quarter; rising foreclosures drop prices - USA Today - - Home sales rose in most of the country in the second quarter compared with the first, a trend driven by falling prices, lower interest rates, and a tax credit for first-time home buyers.
Pending home sales ride their win streak - MarketWatch - - Story Comments Screener (206) AlertEmail Print WASHINGTON (MarketWatch) -- Boosted by low interest rates and bargain home prices, pending sales of existing homes rose in June for the fifth straight month, the longest streak of gains since 2003, a real
Foreclosure postings spike in July - CNN - - The housing market is still sick, with a record number of foreclosure filings posted in July. EMAIL| PRINT | SHARE | RSS TWITTER DIGG FACEBOOK DEL.ICIO.
Residential Real Estate Forecasters Wanted - BusinessWeek - - It is heartening that much of the business press is coming around to my position that the residential real estate market is poised for a rebound. But not everyone agrees with me.
The gift of TARP keeps giving at Citigroup

Technology News
Data Mapping: How to Make It Work - CSO Magazine - - A data map can make e-discovery and regulatory compliance a lot simpler, but the difficulties of getting there are well-known. Bruce Phillips offers tips from Fidelity National Financial's data mapping project.
First American CoreLogic launches iPhone application - OC Metro Magazine - - First American CoreLogic of Santa Ana, a member of The First American Corporation, announced Tuesday that it is launching RealQuest Home Value Pro, a free Apple iPhone real estate application that enables individuals to view comprehensive market data
Stewart Title and ZK Homes Partner to Offer Houstonians an Eco-friendly Real Estate Closing - Forbes.com - - , 8:45 AM ET BusinessWire - Stewart Title Company (STC), a wholly-owned subsidiary of Stewart Information Services Corp. (NYSE:STC), and ZK Homes, an eco-friendly luxury home builder, partner to offer the Greater Houston area a green closing process.

Other News
Market for Luxury Housing Is 'Not Dead': Toll CEO - CNBC - - this market follows the fortunes of the general public that's invested-the stock market is going up." The home builder said earlier Wednesday that quarterly net signed contracts The number of housing foreclosures will start to narrow and the