Real Estate News – March 3, 2011

The headlines were overflowing with real estate news today on all fronts.  Here’s the best of the best:

The delinquency rate for commercial mortgage-backed securities reached record levels in February, as commercial real-estate deals made in the market’s peak continue to struggle despite rising values in some parts of the country (via WSJ.com): http://on.wsj.com/fY3sJx

Warren Buffett anticipates a recovery in the housing market to begin within one year and the investment guru said in his biennial letter to investors that mortgages written by his subsidiaries performed better than most of the competition through the financial crisis (via HousingWire.com): http://bit.ly/hlPIx2

HSBC Holdings PLC says it will temporarily suspend foreclosures after a government probe revealed problems in the way it has handled some of its foreclosures (via REALTORMag): http://bit.ly/gDRKM3

The U.S. Securities and Exchange Commission is investigating several banks that have restructured loans in order to make them appear better than they are, according to the Wall Street Jounral (via Zacks.com): http://bit.ly/fg2WXp

JaMarcus Russell — widely regarded as the greatest bust in NFL history — is in danger of losing the $2.4 million mansion he purchased after signing with the Raiders back in 2007 (via TMZ.com): http://bit.ly/fz7S1k

While hints of inflation are emerging and the job market improved in January and February, mortgage lending standards remain tight and the housing industry is still anemic, according to the Federal Reserve Beige Book report released yesterday (via TotalMortgage.com): http://bit.ly/fipPa7

With NRA’s Help California Homeowners Convince HOA to Drop Gun Ban Plan (via AmmoLand.com): http://bit.ly/fzkkUk