Real Estate News – February 28, 2011

Bestselling author Michael Lewis and hedge fund manager Steven Eisman have been sued by a New Jersey asset manager for defamation over Lewis’s book on the mortgage crisis, according to a post from the Wall Street Journal’s  Chad Bray (via

Just one in four of the 2.7 million homeowners who sought to participate in the Obama administration’s signature mortgage assistance program have succeeded in getting their monthly payments reduced (via

The “elevated level of shadow inventory of distressed homes” still depresses the housing market, said Lawrence Yun, chief economist of the National Association of Realtors (NAR) (via International Business Times):

FHA’s Role in the Housing Market and How the Market Collapsed (via

Survey Reveals Potential Impact of New Lease Accounting Standards (via