Real Estate News – March 9, 2011

More good news from the commercial real estate world, when realtors go bad, and a homeowners association goes to the dogs…literally.  Read on:

A new report from the Mortgage Bankers Association (MBA) shows that commercial mortgages performed better than other types of loans over the course of 2010 for banks and thrifts (via nreionline.com): http://bit.ly/foRDfV

Nearly a quarter of home owners with a mortgage owe more than their house was worth by the end of last year, according to a report released Tuesday by CoreLogic (via REALTORMag): http://bit.ly/g1765S

Police in Kansas City, Mo., have retrieved piles of missing real estate signs from a real estate agent’s home after several other real estate professionals in the area had complained that signs they used to direct buyers to their listings repeatedly had been stolen from the side of streets (via REALTORMag): http://bit.ly/fY9jPy

AARP, an organization representing seniors, has filed a lawsuit against the Department of Housing and Urban Development saying that HUD’s policy changes with reverse mortgages have pushed more older home owners into foreclosure. HUD regulates reverse mortgages, which pay older home owners a regular sum against the equity in their house (via REALTORMag): http://bit.ly/fkvpBp

Annandale, Virginia Association Elects Dog as President (via WashingtonPost.com): http://wapo.st/h9FZIq