Real Estate News – March 28, 2012




Furniture industry in turmoil due to housing market collapse (via Demotix.com): http://bit.ly/H1WaxI


A former mortgage broker and his ex-wife have drawn prison sentences after being found guilty in a Las Vegas fraud scheme that caused more than $52 million in losses to banks (via kolotv.com): http://bit.ly/H7yFB1


A U.S. banking regulator said Monday his agency is working to ensure that homeowners are compensated if they were harmed by errors in banks’ foreclosure-processing operations, responding to critics who say the regulator’s process is too friendly to banks (via MarketWatch.com): http://bit.ly/GTngT3


Second Person Found Dead In Massive Homeowners Association Scandal (via businessinsider.com): http://read.bi/GZ3LvP


The Federal Housing Administration announced that starting April 1 it will not insure mortgages to borrowers who have an ongoing credit dispute of $1,000 or more on their file (via REALTORMag): http://bit.ly/He8MQM


Trepp, which recently updated its Commercial Mortgage Maturities outlook with data from last year’s October-through-December period, now estimates that $362 billion of commercial real estate debt will mature this year — an increase from $346 billion in 2011 (via REALTORMag): http://bit.ly/HimV00


A New York homeless advocacy group allegedly has been training homeless people how to squat in empty city properties, media outlets are reporting (via REALTORMag): http://bit.ly/GXuqGl


 


 

Posted in Blog, Real Estate Law