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Yahoo! News: Business - Real Estate
Home loan demand slumps as refinancing plunges (Reuters)

\"AReuters - U.S. mortgage applications slumped last week, pulled down by a plunge in home refinancing loan demand as interest rates climbed from recent lows, an industry trade group said on Wednesday.
Your Down-Payment Portion (The Motley Fool)
The Motley Fool - What percentage of what you're paying for a house should be your down payment? There's no single best amount, and it will likely vary according to your situation. Mortgage lenders typically like to have you pay 20% or more down (which means you're financing only 80% of your purchase price), but some special loan plans can get that down payment into the low single digits. By using private mortgage insurance, you can also swing a down payment that's less than 20% of your home's purchase price. In addition, there are some programs available that offer low-cost loans with very small down payments.
Ex-Fannie execs face civil charges (USATODAY.com)
USATODAY.com - The government on Monday filed civil charges against former Fannie Mae chief Franklin Raines and the mortgage giant's former finance chief and controller, seeking fines and the return of millions in bonus money said to be tied to an improper accounting scheme.
Real estate: Laid back in Los Angeles (USATODAY.com)
USATODAY.com - With home sales skidding even with the median price up to a gravity-defying $583,000, it's hard to believe the Los Angeles real estate market is stabilizing.
Swisscom pays Vodafone $3.5 bln for mobile stake (Reuters)
Reuters - Swisscom AG will repurchase a 25 percent stake in Swisscom Mobile from Britain's Vodafone Group Plc for 4.25 billion Swiss francs ($3.5 billion) in a long-awaited deal to fortify its home market position.
U.S. charges ex-Fannie Mae chief Raines (AP)

\"TheAP - The government on Monday filed civil charges against former Fannie Mae chief Franklin Raines and two other top executives, accusing them of misconduct costing shareholders billions of dollars.
Lancaster's Home Buyers Affix Just Single Signature (Investor's Business Daily)
Investor's Business Daily - Real estate closings are painfully paper intensive, with stacks of forms to be signed and initialed many times by buyers and sellers.
Former Fannie Mae executives charged in accounting scheme (AFP)

\"FannieAFP - US regulators filed civil charges against three former top executives of mortgage finance giant Fannie Mae following a probe into a vast accounting scandal at the company.
Realogy to be sold to Apollo Group for $6.65 billion (Reuters)
Reuters - Realogy Corp. , the former Cendant Corp. real estate company known for its Coldwell Banker franchise, said on Sunday that it would be sold for about $6.65 billion to private equity firm Apollo Group.
Real estate expected to flounder in 2007 (AP)

\"DonaldAP - Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 — and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard.
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