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The Pew Center on the States has released a report saying that states are ramping up their response to the housing crisis.

According to the report: 1 in 33 homeowners is projected to experience foreclosure in the next two years as a result of sub-prime loans from 2-3 years ago.

CBS News reporter Scott Pelley’s report focuses on a second wave of of defaults in the coming months spurred on by investments with such exotic names as “Alt-A” and “option ARM.”
The first wave of bad news came from sub-prime lending which went to the least credit worthy borrowers and then those mortgages were bundled and [...]

Open House and Featured Listings promotions get a bold new look and more prominence on pages.

President-elect Barack Obama picked Shaun Dononvan, who has vast housing experience including in all facets of the affordable housing markets, to be HUD secretary on Saturday.

Donovan is the current the New York City Department of Housing Preservation and Development commissioner, but he has experience in the non-profit and private sectors and he has been a scholar of housing policy. He’s also worked as an architect.

A virus that is affecting Facebook users is making the rounds. The malicious code, while limited in nature, could be used again.

The worm that first appeared in August, Cnets reports, targets only Facebook users.

Be wary about opening attachments or downloading software that you don’t expect or are unfamiliar with.

IFF, a Chicago-based nonprofit real estate lender and consulting group, has received the Wachovia Next Award for Opportunity Finance, one of the nation’s largest and most prestigious awards in the financial services industry.

IFF is the Midwest’s leading nonprofit Community Development Financial Institution. Listingbook will launch in the Chicago market in January.

Listingbook Executive Vice President Ira Luntz delivers views on the new Web landscape for real estate in a Q&A with Inman News.

Inman’s Roadmap to Recovery editorial project focuses on ways the real estate industry can rebuild in the face of the financial crisis.

Luntz, a 25-year veteran of the industry, is responsible for ensuring the smooth installation and implementation of Listingbook technology with various MLSs nationwide.

Listingbook is bringing its client-centered platform to the Chicago area just after the holidays. The launch is scheduled for early January, but enterprising agents can jump in early and begin working with the system.

Midwest Real Estate Data LLC is comprised of 13 associations representing about 50,000 agents.

Kids’ excitement during the holiday season generates a lot of electricity and happy feelings. Our kids begin in October talking about toy lists and they want to know when we’re getting together with family.

We get caught up in the excitement, too. But we can’t lose site of the need to put safety at the forefront of our preparations.

Read on for some helpful tips for staying safe at home during the holidays.