Real Estate News – March 28, 2012

Furniture industry in turmoil due to housing market collapse (via

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

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

Second Person Found Dead In Massive Homeowners Association Scandal (via

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):

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):

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):