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Real Estate News – August 22, 2012

Jeffrey O'BrienPosted on Posted in Blog, Real Estate Law


Fannie Mae, the largest source of money for U.S mortgages, told lenders that it’s tightening some of its qualification standards for people buying homes or refinancing loans (via BusinessWeek.com): http://ow.ly/damsv

Woman blames West Nile on neglected foreclosure (via bendbulletin.com): http://ow.ly/damGa


As rental demand soars, an apartment construction boom uprising has occurred across the country. But a new report from UCLA’s Ziman Center for Real Estate suggests that the increase in apartment construction likely only has two more years before it starts waning (via REALTORMag): http://ow.ly/danfM


Young people are connecting across social networks to start “Sharpie parties” that target foreclosed homes and use Sharpie permanent markers to leave a trail of markings behind on the vacant homes (via REALTORMag): http://ow.ly/dank0


Move Over Startups:  Crowdfunded Real Estate is Here (via thenextweb.com): http://ow.ly/dant5


New federal rules proposed Wednesday would require all high-risk mortgage lenders to obtain property appraisals for the first time (via seattletimes.com): http://ow.ly/danB3


The IRS agent who squatted in her own home (via MarketWatch.com): http://ow.ly/danEY


Wells Fargo to Settle SEC Mortgage-Securities Case (via online.wsj.com): http://ow.ly/danO8