Fannie, Freddie ordered to let former owners buy REOs at market value

Fannie Mae and Freddie Mac will soon be selling repossessed homes back to their previous owners for less than what they’d owed on their mortgage when they defaulted. The mortgage giants’ federal regulator this week ordered them to drop a …

Feds charge 16 with fraudulent flips of more than 2,000 Detroit homes

A telemarketing scheme that took in more than $20 million from hundreds of victims nationwide by flipping 2,000 homes purchased for as little as $500 each also contributed to neighborhood blight in Detroit, federal prosecutors said in announcing the in…

Will Cyber Monday expand to include home sales?

Last year’s Cyber Monday sales numbered $2.29 billion, and this year, they could include real estate, too …

Portal that has its sights set on Zillow acquires Title365 for $36 million

In another step in its quest  to build an end-to-end real estate marketplace that will outdo top real estate portals Zillow, Trulia and realtor.com, HomeSearch.com operator Solutionstar is set to acquire title insurance and settlement services provider Title365. The $36 …

ZipForm Plus users can pull contacts from 100s of Web apps

Users of zipForm Plus now have an easy way to tap data from more than 100 Web apps including Gmail, LinkedIn and Twitter thanks to a new partnership between zipForm maker zipLogix Inc. and Zapier. Zapier — which charges users $49 per …

If this drop in long-term interest rates has legs, look for mortgage rates to follow

Long-term interest rates have broken a narrow, monthlong range and are headed down. The 10-year Treasury note — the driver of the show — is now 2.23 percent. The lowest-fee mortgages are trying to cross below 4 percent, too.

This is a big move, rei…

Can technology replace a team?

Each year we look at ways to leverage our time and ability to market and sell more properties. A popular way to do this is through building a team. There’s certainly nothing wrong with the team approach, and many are finding success from it. But when y…

Remember, you are ‘The One’ to your buyers and sellers

As a real estate broker or agent, it’s your job to understand what your clients’ needs are, whether they are buying or selling a home. Leigh Brown, broker-owner of Leigh Brown and Associates with Re/Max Executive Realty, says to remember that …

Warren Hitesh Myer, online mortgage pioneer, dies at 53

I was saddened to learn of the recent passing of Warren Hitesh Myer. For those who never met him, Warren was one of the true pioneers of the online world of real estate …

Two suspects formally charged with murder in Beverly Carter case

Two people have been formally charged with murder in the death of Beverly Carter, the Arkansas Realtor whose body was found several days after she disappeared after showing a vacant home to a stranger, Arron Lewis, 33, has been formally charged with …