Headlines 10.16.2012

U.S. home owners are refinancing their mortgages at the fastest clip since 2005, but the difference now is they are putting cash in, not taking it out.

At the going rate, 25% of all first-lien U.S. mortgages will be refinanced this year, according to LPS Applied Analytics. That represents about $7.1 billion — just through June of this year — in savings on monthly payments, according to economists at Freddie Mac, who ran the numbers for this report.

Why Home Refinancing Boom Is Different This Time ~ The Street CNBC

Year of Amazon.com?  ~  Michael J Parks

Amazon Confirms It Makes No Profit On Kindles ~ Forbes

The World’s Largest Software Company Wants More Hardware ~ DailyFinance

Realogy soars in 1st day of trading on NYSE ~ AP

NAREP: new organization seeks to replace all non-MLS real estate search sites ~ AGBeat

Canadian housing market peers over the edge  ~  The Globe and Mail

Drafting Antitrust Case, F.T.C. Raises Pressure on Google ~ NY Times

‘Rich Dad, Poor Dad’ Author Files for Bankruptcy for His Company ~ ABC News