Real Estate News – March 5 & 6, 2011

State attorneys general and federal agencies have given major banks a 27-page proposal to settle part of a massive federal and state investigation in shoddy foreclosure practices (via

Allen Iverson, a former National Basketball Association most valuable player and 11-time All- Star, has stopped paying the mortgage on his 6,848-square-foot house in Cherry Hills, Colorado, the Denver Post reported (via

MERS, the Mortgage Holder You Might Not Know (via

Homeowners Associations stepping up legal pressure with foreclosures (via

Federal prosecutors say a Northern California man has pleaded guilty to conspiring to rig bids at foreclosure auctions in a county among the hardest hit by the real estate bust (via

Community banks are preparing to step into the mortgage market just as politicians debate how to scale back housing finance giants Fannie Mae and Freddie Mac:

As one of the few backers of low-down-payment mortgages in a time of stringent lender underwriting, the Federal Housing Administration has become a primary means of financing for U.S. home buyers (via

Homeowner watches credit rating sink amid frustrations with mortgage program (via

Sales of hundreds of foreclosed homes in Oregon have been halted or withdrawn in recent weeks after federal judges repeatedly questioned their legality, according to a number of real estate attorneys in the state (via

Realtor fights big trucks in driveways (via