Countries and Hotels

Airports and Hotels

Weather Forecast

REAL ESTATE INDUSTRY NEWS

Yahoo! News: Business - Real Estate
Business - Real Estate

Key states move closer to foreclosure-abuse deal (AP)
AP - California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households. More than 40 U.S. states have agreed to a nationwide settlement.
AP Enterprise: Brown bank regulator an insider (AP)
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 than 40 states agree to foreclosure deal (AP)
AP - More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses.
Mortgage deal faces setbacks, again (Reuters)
Reuters - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.
Housing plan helps nearly 1 million homeowners (Reuters)
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)
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)
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)
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.
NY's Schneiderman sues banks in foreclosure effort (AP)
AP - New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion.
Goldman to face mortgage debt class-action lawsuit (Reuters)
Reuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
Analysis: Obstacles high for more mortgage prosecutions (Reuters)
Reuters - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
Homebuilders see stable housing market ahead (AP)
AP - The CEOs of some of the nation's biggest homebuilding companies said Thursday that they feel the housing market has stabilized.
Rate on 30-year mortgage falls to record 3.87 pct. (AP)
AP - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
Woman who stole mortgage money and gambled it away, gets prison (Reuters)
Reuters - A former foreclosure counselor who gambled away more than $300,000 she stole from her upstate New York clients was sentenced on Thursday to six years in federal prison.
Illinois accuses mortgage firm of robosigning (Reuters)
Reuters - The attorney general in Illinois on Thursday sued a mortgage document firm and said it filed "faulty" documents with local governments in a rush to process mortgages and foreclosures.
Mortgage rates for the past 52 weeks, at a glance (AP)
AP - Mortgage rates for the past 52 weeks, at a glance
Credit Suisse exec charged in NY mortgage probe (AP)
AP - The desire to fatten year-end bonuses motivated a Credit Suisse executive and two of his employees to conspire to hide the deteriorating condition of the U.S. housing market in 2007 to keep the value of bonds based on subprime mortgages artificially high, authorities said Wednesday.
Obama plan to lower mortgage payments could help, but how much? (The Christian Science Monitor)
The Christian Science Monitor - President Obama fleshed out a new mortgage-relief plan Wednesday, saying the steps he outlines would "help millions of responsible homeowners" and the US economy.
Exclusive: Mortgage deal would give states enforcement clout (Reuters)
Reuters - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
BofA selling three buildings in New York, Charlotte (Reuters)
Reuters - Bank of America Corp plans to sell and lease back three buildings it owns in New York and Charlotte, North Carolina, as it looks to shed non-core assets under an efficiency program

WORLD NEWS

REGIONAL NEWS

BUSINESS NEWS

TECHNOLOGY NEWS

SCIENCE NEWS

USA NEWS

ENTERTAINMENT NEWS

HEALTH NEWS

Google NEWS

Countries and Hotels

Airports and Hotels

Weather Forecast