Real Estate News – July 20-21, 2011

Mortgage industry employees are still signing documents they haven’t read, even nearly a year after a nationwide “robo-signing” scandal surfaced that put the validity of thousands of foreclosures into jeopardy, according to a news report by the Associated Press (via REALTORMag):

U.S. senators are calling on federal regulators to release information they have received from banks that have allegedly engaged in shoddy home-foreclosure practices, voicing concern that certain firms helping banks address abuses might be too cozy with the mortgage-servicing industry (via

A state appeals court decision could have a wide impact on dozens of lawsuits filed in Utah over home foreclosures that washed across the state in the wake of the Great Recession (via

Are ‘Divorce Starts’ the New Leading Indicator for the Housing Market?  (via

More than 450,000 borrowers overcharged by the Countrywide mortgage lender when they fell behind or defaulted on their home loans are receiving refund checks under last year’s $108 million settlement with the Federal Trade Commission (via

Wells Fargo & Co. has agreed to pay $85 million to settle civil charges that it falsified loan documents and pushed borrowers toward subprime mortgages with higher interest rates during the housing boom (via

A new law hit the books in Arizona on Wednesday that should interest anyone who has ever had to deal with a homeowners association in the courtroom (via