Real Estate News – November 18, 2012

The Impending Capital Gains Tax Hike Has Mansion Owners Scrambling To Sell (via

JPMorgan Chase & Co. (JPM) and Credit Suisse Group AG (CSGN) agreed to pay almost $417 million to settle U.S. regulatory claims they misled investors while selling billions of dollars of investments linked to home loans (via

Housing’s comeback looks real (via

The Federal Housing Administration is facing a $16.3 billion shortfall and is taking steps to mitigate losses, according to an independent audit released Friday (via REALTORMag):

Mortgage lending standards now appear to be “overly tight,” and are preventing creditworthy borrowers from buying homes, Federal Reserve Board Chairman Ben Bernanke said Thursday (via

Neverending Pain: Foreclosures Will Hurt Housing for at Least 5 More Years (via

The Federal Emergency Management Agency (FEMA) is likely to request a congressional bailout for the National Flood Insurance Program (NFIP) as losses from Hurricane Sandy are expected to be between $6 billion and $12 billion, more than its current borrowing capacity of $2.9 billion (via REALTORMag):

Bank of America Corp., the second- biggest U.S. lender by assets, was sued by investors over $261.2 million worth of residential mortgage-backed securities (via