Real Estate News – April 28, 2011



CoStar Group, Inc., the leading commercial real estate information company announced today the signing of a definitive agreement to acquire LoopNet, Inc., the leading online commercial real estate marketplace (via globalnewswire.com): http://bit.ly/kKNybO


Mortgage delinquencies on single-family homes continued to inch down in March, as did first-quarter home-owner vacancies, two government agencies report this week (via REALTORMag): http://bit.ly/lEqfSY


Bank of America Corp. was accused by a top official at the Iowa attorney general’s office of engaging in a divide-and-conquer strategy by undermining support for the settlement of a nationwide probe into foreclosure practices, a person familiar with the matter said (via Bloomberg.com): http://bloom.bg/ijsqcC


Fannie Mae and the Minnesota Homeownership Center have announced a partnership to accelerate the response time for struggling Minnesota families with loans that are owned by Fannie Mae (via nationalmortgageprofessional.com): http://bit.ly/kd26aX


Investors buying foreclosures are rehabbing the houses — and their image (via TwinCities.com): http://bit.ly/lAUf0p


A federal jury in Fort Lauderdale has convicted two men and acquitted four others, including an FBI agent, in a mortgage fraud case involving law enforcement officers (via miamiherald.com): http://bit.ly/lgq6RJ



 

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