News & Headlines
A directory of real estate links, outlining the most popular news and other articles as voted on by the BiggerPockets community.
Steve Babiak's Links
Proposal could shut many out of housing market - Business
Proposed rules sparked by the financial industry meltdown could have the effect of shutting may lower-income buyers out of the mortgage market, critics say.
Squatter Nation: Foreclosure limbo: Staying without paying.
More people are in foreclosure limbo -- not paying their mortgage but still in the house.
Homeowners Foreclose on Bank | Featured Videos | Comcast.net
Homeowners Foreclose on Bank. Watch this video...
US Real Estate: 20 Percent Mortgage Down Payment Under Fire
Adversity makes strange bedfellows, and today's mortgage market is nothing short of adverse.
Moody's Reveals Huge Taxpayer Subsidy for Banks - CNBC
The news that Moody’s is reviewing the debt ratings of Bank of America, Wells Fargo and Citigroup shows how dependent these banks have been on the invisible and unwilling support of the American taxpayer.
IMS Adds NAHB-tested Chinese Drywall Remediation to Offerins
For years, the homebuilding industry has been searching for an alternative way to remove Chinese drywall from the interior of a house without going down to the bare studs of a property.
Mortgage Fraud Is a Kottage Industry
Pun intended. By participating in two separate mortgage schemes, Stephen Kottage has pleaded guilty in U.S. District Court of Connecticut to two counts of conspiracy relating to these fraud cases.
Akerman Senterfitt Wins Chinese Drywall Court Ruling
The law firm Akerman Senterfitt was victorious in a recent Florida court case ruling which stated that builders and installers cannot be held liable for negligence for installing faulty Chinese drywall during home construction if they did not have...
Fannie, Freddie to raise rates | Bankrate.com
Fannie Mae and Freddie Mac set to charge higher interest rates on new mortgages.
Comm. Real Estate: A Caution for the Raging Apartment Sector
It seems all this help for the housing market may impact negatively the one area of housing that's actually doing well right now, the apartment sector.
Obama Admin. Just Propose Creating Fannie Mae All Over Again
It’s welcome news that the Obama administration proposes to wind down the mortgage giants Fannie Mae and Freddie Mac. Unfortunately, this news is coupled with something far less welcome—a proposal to recreate the government sponsored entities all ...
US Mortgage Market Overhaul: The Winners and the Losers
The Obama administration declared the death of the U.S. housing finance system on Friday, setting in motion an uncertain project that will take years and reshape the way Americans buy and own homes.
Citi Still Churned Out Flawed Mortgages Into 2010 - CNBC
The assumption that big banks stopped selling defective mortgages to Fannie Mae and Freddie Mac after the housing bubble burst is wrong.
Debt Collection Scam - PA Office of Attorney General
AG Tom Corbett has filed a lawsuit against an Erie debt collection co. accused of using deceptive tactics to mislead, confuse or coerce consumers - including use of bogus "hearings" allegedly held in a co. office decorated to look like a courtroom.
The Shrinking House: Downsizing the American Dream
Home ownership has long been a symbol of the American Dream and for a while there, we SUPERSIZED it. But since the recession, we’ve been downsizing it. But don't panic: The home of the future may be small on space, but it's big on amenities and it...
The Failure of Mortgage Modification - NYTimes.com
A government program to reduce the mortgage burden on homeowners has been a fiasco, an economist writes.
Get Ready for the Great MERS Whitewash Bill - CNBC
When Congress comes back into session next week, it may consider measures intended to bolster the legal status of a controversial bank-owned electronic mortgage registration system that contains three out of every five mortgages in the country.
Want a bridge? Upper Salford has a bridge to sell to you
A plan to remove a condemned piece of infrastructure in Upper Salford Township won't cost taxpayers a dime and could help fund construction of an eventual replacement.
The Fed's Big Gamble: Here's What Could Go Wrong - CNBC
The Federal Reserve is about to take a huge risk in hopes of getting the economy steaming along again. Nobody is sure it will work, and it may actually do damage.
Homeowners Facing Foreclosure Demand Recourse - CNBC
As lenders have reviewed tens of thousands of mortgages for errors in recent weeks, more and more homeowners are stepping forward to say that they were victims of bank mistakes — and in many cases, demanding legal recourse. The NYT reports.
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