Real Estate News – February 24, 2011

Mortgage foreclosures dominate today’s real estate headlines, including some good news from the commercial market:

Foreclosures Create Ripple Effect in Neighborhoods (via

U.S. regulators’ efforts to settle with banks over improper mortgage foreclosures are being hampered by disagreements among the groups involved over the size and shape of an accord (via

U.S. House Republicans plan to move forward with bills that would end anti-foreclosure programs put in place by the administration of President Barack Obama, saying they are doing more harm than good (via

Defaults on commercial real estate mortgages held by U.S. banks fell in the fourth quarter from the previous three months, the first decline in almost five years, as prices began to recover, Real Capital Analytics Inc. said (via

Desiree Brown, the former treasurer for one of the country’s largest mortgage firms, pleaded guilty Thursday in U.S. District Court in Alexandria to charges of being involved in a $1.9 billion fraud scheme (via Washington Post):