Real Estate News – November 20, 2011
In several markets, Bank of America is reporting that it has picked up its pace in moving through its inventory of foreclosed homes faster than it has in the past (via REALTORMag):
Joe Paterno’s Curious Real Estate Move (via thepostgame.com): http://bit.ly/tlKIMI
FBR Capital Markets analyst Paul Miller believes that the largest U.S. mortgage loan servicers could be facing billions in losses from Federal Housing Administration (FHA) claims audits (via TheStreet.com): http://bit.ly/uGQZUe
JPMorgan Chase To Sell Mortgage-Backed Securities Backed By Loans In Default: Report (via HuffingtonPost.com): http://huff.to/rCBlUY
Allied Home Mortgage’s FHA Privileges Reinstated by Judge (via BusinessWeek.com): http://buswk.co/s6ryPw
David Amesbury, a Las Vegas attorney who pleaded guilty last month in the high-profile federal investigation of homeowners associations, was found badly beaten Wednesday in a gated Henderson neighborhood (via lvrj.com): http://bit.ly/va6Rla
Coral Springs homeowners’ association orders resident to remove 9/11 flag (via SunSentinel.com): http://sunsent.nl/skqPps
A St. Cloud real estate agent and a Maple Grove real estate appraiser have pleaded guilty to being involved in a $1.8 million mortgage fraud scheme that involved 28 properties (via sctimes.com): http://on.sctimes.com/vFex8D
Ruling Against MERS That Caused Foreclosure ‘Re-dos’ Overturned by Mich. High Court (via AmericanBanker.com): http://bit.ly/tvZ7jL
Congress has approved higher mortgage loan limits for mortgages insured by the Federal Housing Authority, but did not lift those limits for loans backed by Fannie Mae (via bizjournals.com): http://bit.ly/t7HMGv
Two title officers have been indicted on more than 600 charges alleging they directed a “robo-signing” scheme that led to the filing of tens of thousands of fraudulent foreclosure documents, the Nevada attorney general’s office said Wednesday (via boston.com): http://bo.st/sE7axk