Real Estate News – August 22, 2012

Fannie Mae, the largest source of money for U.S mortgages, told lenders that it’s tightening some of its qualification standards for people buying homes or refinancing loans (via

Woman blames West Nile on neglected foreclosure (via

As rental demand soars, an apartment construction boom uprising has occurred across the country. But a new report from UCLA’s Ziman Center for Real Estate suggests that the increase in apartment construction likely only has two more years before it starts waning (via REALTORMag):

Young people are connecting across social networks to start “Sharpie parties” that target foreclosed homes and use Sharpie permanent markers to leave a trail of markings behind on the vacant homes (via REALTORMag):

Move Over Startups:  Crowdfunded Real Estate is Here (via

New federal rules proposed Wednesday would require all high-risk mortgage lenders to obtain property appraisals for the first time (via

The IRS agent who squatted in her own home (via

Wells Fargo to Settle SEC Mortgage-Securities Case (via