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RISMEDIA, April 30, 2009-First of all, you should all know that my children refer to me as a hippie. Well, technically, I was born on the wrong side of ‘56 to have been full swing into the culture, but, I was certainly on the cusp. So no one is more surprised than me that I …


March Home Sales in CA Increased 63.8% While Median Home Prices Declined 39%


RISMEDIA, April 29, 2009-Home sales increased 63.8% in March in California compared with the same period a year ago, while the median price of an existing home declined 39%, the California Association of Realtors (C.A.R.) reported.
“The March sales figure of 522,980 homes indicates that the market continues to be very active,” said C.A.R. President James …


Realogy CEO Discusses How to Jump-Start the Housing Market at Milken Institute Global Conference


RISMEDIA, April 30, 2009-Richard Smith, President and CEO of Realogy Corp., took part in a panel discussion titled Jump-Starting the Housing Market’ at the Milken Institute 2009 Global Conference. Smith and panelists Donald Brownstein, CEO and Chief Investment Officer, Structured Portfolio Management; Ross DeVol, Director of Regional Economics and the Center for Health Economics, Milken …


FHFA Proposes Rule to Adjust Housing Goals, Provide Credit for Loan Modifications


RISMEDIA, April 30, 2009-The Federal Housing Finance Agency (FHFA) sent a proposed rule establishing 2009 housing goals for Fannie Mae and Freddie Mac to the Federal Register for publication. Loan modifications undertaken by the GSEs consistent with the Administration’s loan modification initiative would receive credit toward achievement of housing goals.
“FHFA has determined that in light …

loan modification agreement