Newsdesk | Volume 3 | Issue 183 | January 6, 2009

Top News
IndyMac sold for nearly $14 billion to group of private investors - Los Angeles Times - - about $423 million based on comparing the value of the modified loans to what would be realized through foreclosure, the FDIC said. IndyMac in 2007 was among the 10 largest U.S. mortgage lenders and customer-service companies, with about 10,000
Bank of America, Wells close mergers as banking transforms - CNBC - - a year when Bank of America shares fell 65.9 percent amid declining profitability, big exposure to the housing market and rising credit card delinquencies. Adding Merrill makes the bank's brokerage, credit card, investment banking, mortgage and wealth
A Frigid February for New Home Sales - BusinessWeek - - Dow Jones industrial average down nearly 1% in late-morning trading. Optimism engendered by a better-than-expected report on February existing home sales released Mar. 24 was not supported by data on sales of newly built single-family dwellings during

Market News
Real Estate Weekly: Texas lender says low mortgage rates are drawing buyers - MarketWatch - - point in nearly four decades, and despite what you may hear, lenders are still loaning money in the housing market,' he said. Read more real estate news in this week's pages, including what to consider if you're interested in refinancing a mortgage, as
Realtors to Media: Get Your Down-Payment Facts Straight - US News - - journalists are getting the facts wrong. In an attempt to correct what it considers 'misinformation in the media,' NAR recently issued the following release: There is some misinformation in the media lately about the required size of a down payment for a
Real Estate Matters: 2009 Resolutions - Washington Post - - plummeted 8.6 percent, to a annualized figure of about 4.5 million. At the peak of the housing market in 2005, about 8 million new and existing homes sold. At the end of 2007, I projected that 2008 would be a real estate market (heavily favoring buyers)

Technology News
Ask an Expert: 2009's top small business trends - USA Today - - Continuing on with the Top 10 Trends in Small Business, 2009. Now for the Top 5: 5. Web 2.0 tips: Web 2.0 has reached the Tipping Point. Web 2.0 is shorthand for this era of interactive Internet where content is often participant created. YouTube is

Other News
7 Reasons You Do Not Have to Be ‘Pushy to Succeed in Real Estate - RIS Media - - By Maya Bailey RISMEDIA, Jan. 2, 2009-Havent we all been told that the ones who succeed are aggressive and pushy? Isnt this why so many people are scared of marketing themselves? In my 30 years of coaching people, I have found that almost everyone has an
Peer-To-Peer Loans Soar - Forbes.com - - York: The Next Detroit? Peter Schiff says Wall Street will shrink as foreign peers will build . Demanding Lower Mortgage Rates Chorus of business leaders propose a 4.5% interest rate to stabilize housing market. Economy In 2010 TD Banks Chief

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