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Email not displaying correctly? View it in your browser. Fannie Mae Eases Rules to Boost Florida Condo Market Fannie Mae announced Thursday that it will relax its rules for buyers of certain condominium properties in Florida, one of the markets hardest hit by the housing downturn. The government-backed mortgage giant said it will give "special approval" designations to certain condominium projects in the state that may not currently meet Fannie Mae's mortgage eligibility criteria, automatically giving lenders the green light to originate and deliver mortgage loans to the GSE that are secured by the condo units. Judge Dismisses Baltimore's Suit Against Wells Fargo A federal judge in Maryland has granted Wells Fargo's motion to dismiss in a suit brought by the city of Baltimore alleging Wells Fargo's lending practices led to hundreds of foreclosures and cost the city millions of dollars in taxes. The judge said using the city's own figures, Wells Fargo is responsible for only a negligible portion of its vacant housing stock. Last week, the city of Memphis filed the same type of lawsuit against Wells, but the bank says, there too, the economic problems of the city cannot be attributed to a single lender. RES.NET Launches Accelerated Management Platform for Real Estate Agents Lake Forest, California-based Real Estate Systems (RES.NET) has announced the launch of its Accelerated Management Platform (AMP). Until now, real estate agents were forced to manage their properties through separate processes and systems. RES.NET says it has changed that conventional silo approach with AMP. Clear Capital: 2009's Annual Home Price Decline Smallest in Three Years Although 2009 started out with record-setting home price declines, residential property values have rebounded substantially to close out the year posting a modest annual decline of 1.3 percent. Clear Capital says it's the smallest since the housing crisis set in three years ago. Several markets' stats stand out in the company's report, most notably the 1.1 percent quarterly price gain in Las Vegas - the first since 2007 for the city, whose bursting bubble echoed louder than probably any other place in the country. You are receving this email because you opted in at our website dsnews.com or attended a Five Star Conference. Unsubscribe roballey.434-974-5586@blogger.com from this list. Corporate Office: DS News 1909 Woodall Rodgers Suite 300 Dallas, TX 75201 Add us to your address book Washington Bureau: 1101 Pennsylvania Avenue NW Suite 600 Washington, D.C. 20004 Copyright (C) 2009 DS News All rights reserved. Forward this email to a friend Update your profile QUICK LINKS DSNews.com DS News' Red Book DS News' Black Book 2009 Five Star Conference DARE