Fed Blesses Banks’ Foreclosure-Rental Approach
Fed Blesses Banks’ Foreclosure-Rental Approach
By Alan Zibel, The Wall Street Journal, April 5, 2012
The Federal Reserve set out new polices for banks that decide to rent out foreclosed homes, endorsing a strategy for managing the huge number of distressed properties that have piled up during the housing bust.
House prices are down, mortgage rates are low, but is the real estate market ready to rebound?
By Barry Ritholtz, The Washington Post, April 6, 2012
Ahhh, winter is finally over. Each year about this time, flowers push up through the soil, trees begin to bud — and the stories about a real-estate recovery appear.
Foreclosure crisis persists in Ohio
By Chelsey Levingston, Dayton Daily News, April 6, 2012
New foreclosure filings dropped in 2011 in area counties, but the overall housing market remains fragile, with a high number of delinquent and overvalued mortgages, said Policy Matters Ohio in a report released this week.
'Homeowner Bill of Rights' would bolster National Mortgage Settlement
By Broderick Perkins, The Salinas Californian, April 5, 2012
California's attorney general and a host of Golden State lawmakers are pushing for a "Homeowner Bill of Rights" designed to protect homeowners from abusive mortgage practices and help devastated communities recover from the foreclosure crisis.
Delegate’s measure may help him get back real estate license
By Aaron C. Davis, The Washington Post, April 5, 2012
First, a Maryland senator was put on trial for helping a grocer who paid him consulting fees. Then, another co-sponsored a bill to fund a horse-racing track where his employer helped build a casino. Now, a Maryland delegate who sells homes in the District is close to making a law that could help him more than anyone else.