Big foreclosure servicer indicted for 'robo-signing'
- In one of the first criminal prosecutions in the post-housing bust era, DocX has been indicted on forgery charges by a Missouri grand jury, The New York Times reports.
Office and home rent will keep rising and rising
- Paying rent is getting more painful for renters across the country in the face of rising demand and tight supply. Both the commercial and residential real estate markets are seeing increases.
N.Y. foreclosure lawsuit could slow home seizures
- Bankers struggling to deal with faulty foreclosure paperwork just got hit with another major headache. New York State Attorney General Eric Schneiderman, recently tapped by President Obama to head a new task force to investigate mortgage fraud, sued three major U.S.
Neighborhood wins against off-campus wildness
- Residents still talk about the night of the naked dancing girl. They describe how she grooved au naturel on their block in Stillwater, Okla., as another kegger raged at a rental house nearby.
Corzine apartment up for grabs — for $2.9M
- The listing alone is enough to make most New Yorkers green with envy: a 2,400 square foot, 2 bedroom, 3.5 bath penthouse with floor to ceiling windows overlooking the Hudson River.
US home prices fall more than expected
- U.S. single-family home prices fell more than expected in November, highlighting a sector that still struggles to make a meaningful recovery, a survey shows.
Freddie Mac betting against some homeowners
- Government-owned Freddie Mac has invested billions in financial instruments that profit when homeowners are stuck in high-interest mortgages, an investigation by ProPublica and NPR found.
States where people carry the most mortgage debt
- How much residents of each state owe on their mortgages is an interesting statistic. For the most part, residents of the states with the highest average mortgage debt are not in trouble.
Banks may not like new mortgage task force
- In the Wild West of the ongoing mortgage mess, there’s a new sheriff in town. And he’s not handing "Get Out of Jail Free" cards in return for a $25 billion check.
Foreclosures keep pushing house prices lower
- Foreclosure-related properties, which made up roughly one in five home sales in the third quarter of last year, sold for an average 34 percent less than homes that were not ‘distressed sales,’ new data show.
