Real Estate World: Ups and Downs

Tuesday, February 7, 2012

NYTimes: Company Faces Forgery Charges in Mo. Foreclosures

From The New York Times:

Company Faces Forgery Charges in Mo. Foreclosures

The charges against DocX, which provided home foreclosure services to lenders across the nation, are one of the few criminal actions to follow reports of widespread improprieties against homeowners.

http://nyti.ms/ytQOaD

Monday, February 6, 2012

NYTimes: Deal Is Closer for a U.S. Plan on Mortgage Relief

From The New York Times:

Deal Is Closer for a U.S. Plan on Mortgage Relief

Potential support from California and New York would come in exchange for tightening provisions in order to preserve the right to investigate past misdeeds by the banks, and stepping up oversight.

http://nyti.ms/As9Yca

Sunday, February 5, 2012

NYTimes: An Easier Path to Refinancing

From The New York Times:

EDITORIAL: An Easier Path to Refinancing

President Obama's new mortgage refinancing plan could provide considerable relief for millions of homeowners shackled to high interest rates, if Congress approves it.

http://nyti.ms/xCvQ7k

NYTimes: A Mortgage Tornado Warning, Unheeded

From The New York Times:

A Mortgage Tornado Warning, Unheeded

Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.

http://nyti.ms/A5TfFP

Saturday, February 4, 2012

NYTimes: Shrinking the Escrow

From The New York Times:

MORTGAGES: Shrinking the Escrow

Success in challenging property taxes means not having to put as much money aside in the escrow account.

http://nyti.ms/xXhPKW

Friday, February 3, 2012

NYTimes: Progress on Letting Big Banks Fail

From The New York Times:

ECONOMIX BLOG: Progress on Letting Big Banks Fail

The Federal Deposit Insurance Corporation has taken some good first steps to regulating the biggest banks, and what's more, it's doing so in public, an economist writes.

http://nyti.ms/yUiR3p

NYTimes: S.E.C. Is Avoiding Tough Sanctions for Large Banks

From The New York Times:

S.E.C. Is Avoiding Tough Sanctions for Large Banks

Even as the Securities and Exchange Commission has stepped up its investigations of Wall Street, the agency has repeatedly allowed the biggest firms to avoid punishments.

http://nyti.ms/yjPpxT

Thursday, February 2, 2012

NYTimes: Mortgage Relief Plan Aims at Refinancing

From The New York Times:

Mortgage Relief Plan Aims at Refinancing

President Obama said a new package of legislation would make it easier for millions of homeowners to refinance at today's historically low interest rates.

http://nyti.ms/ztlIQZ

Tuesday, January 31, 2012

NYTimes: Treasury Investigates Freddie Mac Investment

From The New York Times:

Treasury Investigates Freddie Mac Investment

The Treasury Department is investigating whether Freddie Mac bet against refinancings by homeowners while at the same time, making refinancings difficult to obtain.

http://nyti.ms/xf7G4M