Real Estate News – February 14, 2012
Fed Chair Says ‘Normal Lending’ Key to Recovery (via REALTORMag):
A $25 billion mortgage settlement announced between major banks and state and government officials is supposed to bring aid to troubled home owners, but it could also bring a wave of new foreclosures (via REALTORMag): http://bit.ly/AgczL5
Four major banks have agreed to reimburse any military members found to have been wrongfully foreclosed upon in the last five years (via REALTORMag): http://bit.ly/AlId4S
Some homeowner associations foreclosing neighbors with late dues (via myfox8.com): http://bit.ly/wgcSTE
Directors of Wells Fargo & Co., the largest U.S. mortgage lender, must face investors’ claims the bank failed to properly disclose details of its foreclosure practices to government investigators, a judge ruled (via BusinessWeek.com): http://bit.ly/z6CzSO
FTC Takes Actions Against Mortgage Relief Scammers Who Harmed Thousands of Consumers (via LoanSafe.org): http://bit.ly/xDKtlx
The new agency laws of real estate (via Inman.com): http://bit.ly/znn6Tl