Despite Fears, Owning Home Retains Allure, Poll Shows
Despite Fears, Owning Home Retains Allure, Poll Shows
The New York Times — June 29, 2011
Owning a house remains central to Americans’ sense of well-being, even as many doubt their home is a good investment after a punishing recession.
Investors, cash buyers push Las Vegas home sales higher
HousingWire — June 30, 2011
Cash buyers and foreign investors pushed Las Vegas home sales higher last month as they scoured the market looking for deals.
Hawaii Judiciary: We Can't Handle Foreclosure Flood
Honolulu Civil Beat — June 29, 2011
If mainland mortgage lenders follow Fannie Mae's footsteps — opting to send foreclosures through the judicial system — officials say it could overwhelm Hawaii's courts.
BofA Haunted by Countrywide Deal
The Wall Street Journal — June 30, 2011
Just before Bank of America Corp. swooped in to buy Countrywide Financial Corp. in 2008, the bank's then-chief executive, Kenneth D. Lewis, told analysts why he had dropped his resistance to owning a mortgage lender.
Oregon judge voids foreclosure sale, casting doubt on others
The Oregonian — June 30, 2011
A Columbia County judge has blocked U.S. Bank from evicting a Vernonia woman whose home it purchased in foreclosure, concluding in a case with far-reaching implications that her lenders had not properly recorded mortgage documents.
Bank of America settlement could speed foreclosures
msnbc.com — June 29, 2011
Investors who bought bonds backed by shaky loans scored a major victory Wednesday with the announcement that Bank of America will pay more than $8 billion to make up for some of their losses.