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Real Estate

Paulson Drove Rescue Plan - July 15, 2008

Treasury Secretary Paulson took the lead in crafting a rescue plan for ailing mortgage giants Fannie Mae and Freddie Mac, a move that appears to have staved off an imminent crisis but one that draws the federal government into an ever bigger role managing the U.S. economy.
http://online.wsj.com/article/SB121607930615852687.html?mod=residential_real_estate

IndyMac Halts Foreclosures - July 15, 2008

IndyMac reopened under federal supervision and halted all foreclosures on bank-owned loans in its portfolio.
http://online.wsj.com/article/SB121607890530252639.html?mod=residential_real_estate

Home Buyers Seek Sleepover 'Test Drive' - July 15, 2008

Some home buyers are getting the chance to spend an entire night in houses they are considering. While a sleepover isn't something being agreed to by droves of sellers, it is a new tactic that some are contemplating.
http://online.wsj.com/article/SB121608736677053247.html?mod=residential_real_estate

U.S. Bolsters Fannie, Freddie - July 14, 2008

The U.S. Treasury and Federal Reserve sought to shore up confidence in Fannie Mae and Freddie Mac by announcing a plan that placed the federal government firmly behind the mortgage giants. The move also calls for a provision to give the Fed a "consultative role" in setting capital requirements and other standards for the lenders.
http://online.wsj.com/article/SB121597057216549037.html?mod=residential_real_estate

When You Have to Sell Now - July 14, 2008

So you say you're selling your house Hey, it could be worse. You could be selling a Hummer.
http://online.wsj.com/article/SB121553612650836199.html?mod=residential_real_estate

Talks on Mortgage Titans Continue - July 14, 2008

Treasury Secretary Paulson is insisting that any potential rescue plan for Fannie Mae and Freddie Mac not benefit the companies' shareholders. Shares of Fannie and Freddie fell 22% and 3.1%, respectively, and the two face a crisis of confidence after a week in which their stocks lost nearly half their value.
http://online.wsj.com/article/SB121577699220645703.html?mod=residential_real_estate

Frustrated With Finding Foreclosed Homes - July 14, 2008

Readers React: Columnist June Fletcher's mailbox is overflowing with complaints from professionals and would-be buyers who are fed-up with the way banks are marketing foreclosures.
http://online.wsj.com/article/SB121579604379146351.html?mod=residential_real_estate

Housing-Aid Measure Advances - July 12, 2008

The Senate passed an extensive housing package that includes tax relief for homeowners. The legislation also overhauls regulation of faltering mortgage-finance firms Fannie Mae and Freddie Mac.
http://online.wsj.com/article/SB121578592157145943.html?mod=residential_real_estate

Grubb & Ellis CEO Resigns - July 11, 2008

Grubb & Ellis said its CEO resigned from the real-estate services company, about seven months after taking office.
http://online.wsj.com/article/SB121581933824147603.html?mod=residential_real_estate

Cincinnati Group Sues Over Homes - July 11, 2008

Frustrated with the impact of vacant homes on a Cincinnati neighborhood, a nonprofit group has sued a unit of Deutsche Bank AG and other financial institutions, alleging that they have failed to maintain foreclosed properties properly.
http://online.wsj.com/article/SB121575042934945467.html?mod=residential_real_estate