Democrats delay California mortgage overhaul amid business opposition
Democrats delay California mortgage overhaul amid business opposition
By Jon Ortiz, The Sacramento Bee, April 17, 2012
Amid raucous boos and hisses from a packed hearing room gallery, an Assembly committee on Monday suddenly pulled two mortgage reform bills sponsored by Attorney General Kamala Harris – just before she was supposed to testify.
Short Sales Surpass Foreclosures as Banks Agree to Deals
By John Gittelsohn, Bloomberg, April 17, 2012
The number of U.S. home short sales surpassed foreclosure deals for the first time as banks became more agreeable to selling houses for less than the amount owed on their mortgages, according to Lender Processing Services Inc. (LPS).
New Md. laws affecting property tax credits, foreclosures, ground rent (and possibly you)
By Jamie Smith Hopkins, The Baltimore Sun, April 16, 2012
A grab bag of housing-related legislation passed in the Maryland General Assembly's recently completed session. Here are the highlights:
Coakley pushes for law offering mortgage aid
By Jenifer B. McKim, The Boston Globe, April 17, 2012
Massachusetts Attorney General Martha Coakley said Monday a new federal study showing more troubled homeowners are staying in their homes after their mortgages are adjusted demonstrates that Massachusetts should require lenders to consider such workouts before seizing a residence.
Foreclosures' power may be ebbing
By Purva Patel, The Houston Chronicle, April 16, 2012
Foreclosures weighed on the housing market last year, dragging down prices in some neighborhoods.
March housing starts fall, new permits surge
By Jason Lange, Reuters, April 17, 2012
Groundbreaking on homes fell unexpectedly in March but permits for future construction rose to their highest level in 3-1/2 years, giving a mixed message for one of the economy's weaker sectors.