Real Estate News – April 1, 2011

Mortgage brokers have won what could turn out to be a brief reprieve from new rules governing loan officer compensation that had been scheduled to take effect today, with a federal appeals court agreeing to consider the merits of emergency motions filed Thursday by two industry groups (via

A Central Florida homeowners association is preparing to vote on banning children from playing outside (via

Real Estate Remains Major Focus for Fading Industries (via

GOP Senators Join Efforts to End Fannie, Freddie (via REALTORMag):

Two pieces of the Obama administration’s foreclosure-prevention plan have assisted fewer than 30,000 borrowers, according to data released for the first time Friday, adding to mounting evidence that the program has done little to turn around the foreclosure crisis (via

The number of foreclosures completed by the nation’s largest bank and thrift mortgage servicers fell by nearly 50% to 95,067 in the fourth quarter of 2010, according to a report released this week by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS). The huge drop was caused by a slowdown in overall foreclosure activity as servicers reviewed their processing procedures (via