Troubled German lender Hypo Real Estate Holding AG on Saturday announced plans to cut about 1,000 jobs, more than half its current work force, by 2013 as it cuts costs following a government-backed rescue.
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Reuters - A group of trade associations representing the U.S. commercial real estate industry is lobbying to be included in the Federal Reserve’s $200 billion asset-backed bailout plan in order to head off a wave of foreclosures over the next few years.
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BusinessWeek Online - Everyone is worried about the real estate market, whether it’s because they want to sell, buy, or want a sense of whether their homes will regain value. As proposals to help the housing market are debated in Washington, BusinessWeek turned to leading real estate experts for their reading of where housing is […]

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AP - Former Kentucky basketball player Dirk Minniefield has been charged in an alleged $10 million mortgage scheme in the Houston area.
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The financial and housing crises, along with a prolonged soft market, are converging to create a highly challenging environment for the U.S. insurance industry in 2009, says an industry think …
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AP - Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a “backlash” from Congress, the head of the FDIC said Thursday.
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AFP - The two US mortgage finance giants, Fannie Mae and Freddie Mac, said on Thursday they halt home foreclosures until early January as they modify loans to help keep owners in their homes.

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AP - The FBI is investigating several companies that allegedly bilked Native Hawaiian homeowners out of more than $300,000 by offering bogus foreclosure rescue bonds.
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