Newsdesk | June 12, 2012


Top News
After Lull, FDIC Shuts Four Banks
Yahoo! Finance - After two successive Fridays with no bank failures, the FDIC's SWAT teams were out in full force last Friday night, shutting down four banks after the markets closed for the weekend. First Capital Bank, a one-branch bank in Kingfisher...
Fed reports how much recession shrank U.S. wealth
USA Today - The Fed's findings are in its latest Survey of Consumer Finances, a comprehensive review of household finances that the Fed has done every three years dating to 1989.

Market News
Real Estate Weekly: Expect a pick-up in corporate relocations
MarketWatch - As the economy improves and real-estate conditions are looking better, the pace of corporate relocations should pick up this year, according to a survey released this week.
FHA Expands Pilot - Federal Housing Administration (FHA) Commissioner Carol Galante announced in a press conference Friday FHA’s program to sell mortgage loan pools to investors. The Distressed Asset Stabilization Program, designed to give homeowners with seriously delinquent loans a chance to avoid...

Tech News
Millions of LinkedIn Passwords Leaked
REALTOR Magazine - A hacker has reportedly leaked nearly 6.5 million LinkedIn passwords. LinkedIn on Wednesday issued an apology to its members for the security breach. While the passwords are encrypted, security officials warn that hackers will likely be working to decrypt...
Apple announces high-res laptops, a smarter Siri
CNN - Faster, thinner laptops with hi-res screens. FaceTime video chatting over cellular networks. And a smarter Siri. That, in brief, is what Apple will be rolling out to its users over the next six months.


Other News
Court Unlikely to Favor Homeowner in Florida Foreclosure Case - If a lender produces a fraudulent document when attempting to foreclose on a borrower, should lenders be able to voluntarily dismiss the foreclosure then re-file the case after fixing the error?
8 scenarios that hurt mortgage qualification
Inman - Do I jeopardize my mortgage application by changing jobs before the loan closes? Yes. The underwriter approved your application based on your...
How Good Is Your Presentation? - Keep your presentation on target and compelling by asking these yes-or-no questions before you walk into the meeting. Each time you give a presentation, you're putting your career on the line. Few...