Mortgage News

Even as the Fed unleashes rate cuts, the economy may be in for weak growth coupled with inflation, though not as severe as the 1970s

Original post by Anthony

Financial bloggers wonder whether the Fed is making the right moves to alleviate credit pressures

Original post by Anthony

The oilfield services outfit is downbeat on growth prospects — but some analysts think it’s being overly pessimistic

Original post by Anthony

Wednesday’s stocks in the news

Original post by Anthony

SOURCE: The New York Times

Redfin, an online real estate brokerage firm based in Seattle, had received $12 million investment led by the marquee venture capital firm Draper Fisher Jurvetson. After the investment the mortgage industry melted down and home sales slowed to a crawl. Zillow, Terabitz and Trulia, another online start up were in the same boat.

Even though the real estate industry has taken a bit hit, these online start-ups are surviving nicely. Each company recently reported strong sales and increases in Web traffic.

“In September, we thought it was maybe the beginning of a very long downturn,” said Glenn Kelman, Redfin’s chief executive. “But for whatever reason, the last few months have been very strong for us.”

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Original post by Capital Synergies

Deborah Martell, Livonia, Michigan, filed suit against 17 defendants for allegedly fraudulent conduct that induced her to hold sole title to what was supposed to be an investment group purchase.  The subject residence is located at 28560 Swan Island Drive, Grosse Isle, Michigan.

The Defendants include:
Robert Turcheck and Nicole Turcheck, Grosse Ile, Michigan- ostensibly sold the Swan Island property to Plaintiff;
JS Realty …