Real Estate News – June 28, 2011

New York Attorney General Eric Schneiderman expects to lead opposition to what he called a “quick, cheap settlement” of a 50-state investigation into foreclosure practices. Schneiderman put the monetary settlement being discussed with the largest U.S. mortgage servicers at $20 billion to $25 billion and said he will take “the hardest line” against it (via

Retired Floridian Returns Home To Find His Home Foreclosed Upon, By Mistake (via

5 Banks At Risk of a Commercial Real Estate Double Dip (via

U.S. lenders and community bankers sounded the alarm to lawmakers on Tuesday over proposed federal rules aimed at reducing risk-taking on mortgage lending, saying the guidelines could hurt small banks and impair credit markets (via

Mortgage fraud reports increased 31 percent in the first quarter of this year, largely attributed to additional reviews from banks of loans issued several years ago that now have gone bad, reports The Financial Crimes Enforcement Network, a Treasury Department agency (via REALTORMag):

Todd Bodine Loses Battle with HOA (via