Real Estate News - Shawn Mendoza

Real Estate In The News

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NY's AG isn't backing down from Wall Street probe (AP)	2/10/2012 4:11 PM
AP - New York Attorney General Eric Schneiderman, a lead investigator into the mortgage collapse that wobbled the U.S. economy, hasn't taken the title "Sheriff of Wall Street" that one of his predecessors rode all the way to the governor's mansion.
Bernanke urges action to heal housing markets (Reuters)	2/10/2012 2:45 PM
Reuters - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery.
The Foreclosure Deal: Obama and the Banks Win Big While Homeowners See Modest Reward (Time.com)	2/10/2012 12:45 PM
Time.com - Overall, it's a clear win for Obama and Democrats, a qualified win for the banks, and a minor, belated victory for homeowners
Housing a "significant headwind" to recovery: Fed's Pianalto (Reuters)	2/10/2012 12:34 PM
Reuters - The housing market is holding back the broader economic recovery now that foreclosures have become "a national crisis," a top Federal Reserve official said on Friday.
Bernanke urges action to heal U.S. housing markets (Reuters)	2/10/2012 11:57 AM
Reuters - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery.
Hawaii joins $25B mortgage servicing settlement (AP)	2/10/2012 9:18 AM
AP - Hawaii has joined what's being called a landmark $25 billion federal-state agreement with the nation's five biggest mortgage servicers.
W.Va. gets $34m in national mortgage lending deal (AP)	2/10/2012 8:30 AM
AP - A settlement between mortgage lenders and states over foreclosure abuses includes nearly $34 million for West Virginia.
U.S. banks agree to $25 billion in homeowner help (Reuters)	2/10/2012 8:30 AM
Reuters - Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market.
'Shadow Inventory' Is Killing the Housing Market (Time.com)	2/10/2012 4:20 AM
Time.com - One factor hurting the prices of homes that are for sale is the enormous number of homes that aren't for sale but that should be
For America's hard-hit homeowners, little relief from settlement (Reuters)	2/9/2012 11:12 PM
Reuters - Crystal Morello's family pleaded for months with their lender for a cheaper mortgage on their family home in Belleville, Michigan. But time ran out last summer, and they left before they were evicted.

Real Estate In The News