Market Digest

Just 10 months after initiating outreach to customers through its National Homeownership Retention Program (NHRP), Bank of America has provided mortgage relief to 100,000 eligible homeowners with certain Countrywide subprime and option-ARM mortgages. According to the bank’s most recent quarterly progress report, more than 31,000 eligible customers received assistance in the third quarter – the [...]

Home loan servicers and lenders are not working with borrowers who need loan modifications in order to keep their homes. In a third survey of California mortgage counseling agencies servicing homeowners statewide, the California Reinvestment Coalition (CRC) found that despite lenders’ promises to help borrowers, foreclosure is still the most common outcome for homeowners struggling [...]

Expands Search by More Than 4 Million More Homes, Increasing Redfin’s Reach by Almost 40% to 16 Million Homes Online real estate broker Redfin Corporation today launched its real estate e-commerce service for the Chicago area, its eighth market overall and first new market in 2008. Redfin’s brokerage, headquartered in Schaumburg, Ill., now serves Cook [...]

Pinpoint Agent breaks through to some very personal information on real estate agents, letting consumers know more than ever about who represents them. Pinpoint Agent, Inc. today announced the national release of its flagship, patent-pending consumer search tool at http://www.pinpointagent.com/. This new, free website breaks a lot of personal taboos, allowing consumers to find an [...]