Top News
GMAC Mortgage Statement on Speculation Related to Foreclosure Moratorium
Forbes.com – - one or more judicially required forms. This direction was to suspend evictions and REO closings where the related foreclosure could have been impacted by the same internal procedure. We are also reviewing certain previously completed foreclosures where
6 Banks Closed in Ga., N.J., Ohio and Wis.
CBS News – Regulators on Friday shut down 3 banks in Georgia and one each in N.J., Ohio, and Wisconsin.
Longest recession since World War II
CNN Money – - NEW YORK (CNNMoney.com) — The Great Recession ended in June 2009, according to the body charged with dating when recessions begin and end. Market News
Real Estate Weekly: Oslo most expensive city to live in
MarketWatch – - Oslo, Zurich and Geneva are the most expensive cities in the world, followed by Tokyo, Copenhagen and New York, according to a report released this week by UBS, a global financial-services firm.
Sneak Peak at August Numbers
DSNews.com – - The report will show the U.S. mortgage delinquency rate (loans 30 or more days past due, but not yet in foreclosure) at 9.22 percent. That’s a month-over-month decline of 1 percent, and a year-over-year drop of 5.1 percent.
Number of Price Reductions Rise in Some Cities
REALTOR Magazine – - Price reductions on properties for sale have increased for the third consecutive month to 26 percent, according to statistics provided by Trulia.com.
House Bill Would Force Lenders to Decide on Short Sales in 45 Days
DSNews.com – - Distressed homeowners looking for a way out of their mortgage that doesn’t involve foreclosure may find relief is on the way from a new bill introduced in the U.S. House.
Technology News
Samsung Announces Galaxy Tab For All Four U.S. Carriers
PC Magazine – - Samsung on Thursday announced that the 7-inch, Android-powered Galaxy Tab tablet will be coming to all four national wireless carriers in the U.S. “With the Galaxy Tab Samsung will redefine the tablet market,” Dale Sohn, president of Samsung
Flip Video Expands Consumer Options With ‘Designed for Flip’ Accessory Program
PR Newswire – - SAN FRANCISCO “People choose Flip because it makes capturing and sharing video simple, affordable, and most of all, fun,” said Simon Fleming-Wood New Designed for Flip and FlipPort? Other News
Homebuilders’ confidence stuck at 18-month low
USA Today – - WASHINGTON — Homebuilders’ confidence in the housing market stayed this month at the lowest level in 18 months, and more worry that the traffic of potential buyers is falling.

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This blog is managed by Tim Yokley. Tim is a National escrow officer and Assistant Vice President at Fidelity National Title. Tim’s contact information is below:

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60 East Rio Salado Parkway, 11th Floor Tempe, AZ 85281
480.214-4566 (Direct) | 480.718-8979 (fax) – Email me here

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