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Current Real Estate News

Yahoo! News: Business - Real Estate
Eyes on dissident states as mortgage deal nears (Reuters)	2/7/2012 6:44 PM
Reuters - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.
AP Enterprise: Brown bank regulator an insider (AP)	2/7/2012 6:41 PM
AP - Gov. Jerry Brown's appointee to head the department that oversees banking, financial and consumer regulations in California led a trade association that fought against tighter lending restrictions before the subprime mortgage crisis exploded and was an executive with Washington Mutual when the now-failed bank was among the most aggressive marketers of loans to high-risk borrowers.
More US states to join foreclosure-abuse deal (AP)	2/7/2012 4:38 PM
AP - Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis, will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say. They will join more than 40 other states in approving a deal that would benefit many Americans who lost their homes or can't afford their mortgages.
Analysis: Banks largely reserved for U.S. mortgage pact cost (Reuters)	2/7/2012 1:32 PM
Reuters - As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
Delaware officials wrestle over mortgage deal (Reuters)	2/7/2012 10:38 AM
Reuters - Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.
More than 40 states agree to foreclosure deal (AP)	2/6/2012 8:26 PM
AP - More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses.
Housing plan helps nearly 1 million homeowners (Reuters)	2/6/2012 4:26 PM
Reuters - Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.
Convicted NY fraudster sentenced in hit plot (AP)	2/6/2012 3:26 PM
AP - Convicted of engineering a $100 million mortgage-fraud scheme, Aaron Hand was yearning for vengeance and stuck in prison, prosecutors said.
Romney focuses on Obama, Gingrich on Romney in NV (AP)	2/3/2012 5:35 PM
AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.
New York sues banks over electronic mortgage system (Reuters)	2/3/2012 4:54 PM
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.

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