Newsdesk | April 10, 2012

Top News Treasury limits exec pay at GM, AIG, Ally Financial USA Today - Treasury Department has frozen 2012 pay for General Motors' chief executive and his counterparts at Ally Financial and AIG at 2011 levels because the government still owns a stake in all three companies. The government also said total compensation of GM's top executives will be...

Market News Administration Releases March Housing Scorecard U.S. Treasury - mortgages contribute to continued fragility. Sales of bank-owned properties and short sales remain high at 35 percent of existing home sales in the Chicago market compared to 29 percent nationally, which contributes to continued... Fending off home foreclosure: a playbook Inman - There are many actions borrowers can take before facing foreclosure. Many find solutions to their difficult situations by short-selling their homes or simply walking away, C.A.R. Applauds California Congressional Members MarketWatch - from implementing the agency’s “REO Initiative” pilot program in California because it would negatively impact California’s housing market and raise costs for taxpayers. The REO Initiative pilot program calls for the sale of more than 600 Fannie Mae-owned...

Technology News AT&T ditches the Yellow Pages CNN Money - Here's another casualty of our increasingly digital era: The Yellow Pages. AT&T on Monday announced plans to sell its Yellow Pages business unit to private equity firm Cerberus Capital... New security flaws detected in mobile devices USA Today - Those cool mobile devices beloved by consumers carry deep-rooted security flaws that are only now being discovered and addressed. Findings of two recent examinations of mobile devices highlight how designers of smartphones and tablet PCs failed to fully...

Other News 5 Cities With the Biggest Population Growth REALTOR Magazine - Several cities across the country are reporting large gains in their populations over the last decade. CNN Money recently highlighted some of the fastest... Slideshow: Top 10 Commercial Real Estate Developers Washington Business Journal - The No. 1 company on this year's list of commercial real estate developers had 3.82 million square feet under construction in the metro area as of Dec. 31, 2011. For the... San Francisco Is One of Top Three US Office Markets GlobeSt.com - San Francisco is a top-performing office market followed by New York City and Houston based on factors including vacancies, job growth and projected rents, according to the National Office Property Index. Rental rates soared during the first... More Buyers See Opportunity in Vacation Homes REALTOR Magazine - Some buyers are calling the vacation-home market the “perfect storm,” — falling home values, low mortgage rates, and increased affordability — which is prompting more opportunity in the second-home market. The National Association of REALTORS® reported...