Business – Real Estate – Yahoo! News

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Business – Real Estate – Yahoo! News

WASHINGTON (Reuters) – President Barack Obama said the home foreclosure crisis underscored the importance of his Wall Street reforms, and he blasted Republicans on Saturday for “beating the drum” to roll back the regulatory overhaul. Full Story;

BEND, Ore. – A former Bend police captain and his wife who have been under investigation by the FBI and IRS over their real estate dealings in Oregon and Indiana have been indicted on fraud charges. Full Story;

NEW YORK (Reuters) – Investors who have been snapping up foreclosed homes are backing off in the wake of the U.S. foreclosure fiasco, driven by sagging inventory and fears over legal title, and some economists say the trend could hurt the overall housing market. Full Story;

SAN DIEGO – Southern California home sales surged to a 16-month high in July as prices kept falling and bargain-hunters snapped up foreclosed properties, a research firm said Monday. Full Story;

NEW YORK (Reuters) – Carl Paladino, the Republican candidate for governor of New York, blames the U.S. housing bubble that triggered the global financial crisis on a single person — his Democratic opponent, Andrew Cuomo. Full Story;

LAS VEGAS, Nevada (AFP) – Earlene Howard is the only person left living in a house on her block in Sin City, and she's not sure how much longer she'll be there as the once booming Las Vegas housing market continues to spiral downwards. Full Story;

NEW YORK (Reuters) – U.S. taxpayers could be on the hook for up to another $215 billion in aid to housing finance giants Fannie Mae and Freddie Mac through 2013, their regulator said on Thursday. Full Story;

RESCUE RISING IN COST: The government says the rescue of mortgage buyers Fannie Ma
e and Freddie Mac could cost up to $259 billion. It’s the most expensive bailout undertaken during the financial crisis. Full Story;

RATES CREEP UP: Average rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4.21 percent. That’s up from 4.19 percent a week earlier, the lowest on records dating back to 1971, according to mortgage buyer Freddie Mac. Full Story;

WASHINGTON – Rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4.21 percent. Full Story;

Forget about McMansions, large offices, bigger stores and outsized returns on investments. The new trends in real estate are all about smaller everything. Full Story;

WASHINGTON – The government spelled out Thursday just how much the most expensive rescue of the financial crisis will end up costing taxpayers — as much as $259 billion for mortgage buyers Fannie Mae and Freddie Mac. Full Story;

NEW YORK (Reuters) – Fannie Mae and Freddie Mac, the U.S. housing finance giants, stand a good chance of recouping billions of dollars of losses on bad mortgages, but private investors face prolonged legal battles that most will not be able to win. Full Story;

CLEVELAND – A Florida man pleaded guilty Thursday to aggravated murder in the killing of an Ohio real estate agent who was found dead in a vacant home that he was trying to sell. Full Story;

INDIANAPOLIS – Indiana’s attorney general is suing 10 companies for allegedly taking advantage of homeowners who turned to them for help saving their homes from foreclosure. Full Story;

How much the bailouts will cost, at a glance Full Story;

WASHINGTON (AFP) – US state-backed mortgage firms Fannie Mae and Freddie Mac may need another 215 billion dollar bailout to say afloat, a government regulator warned Thursday. Full Story;

LOS ANGELES – Home sales in the San Francisco Bay area plunged 19.6 percent last month to reach their lowest level for a September in three years, as historically low mortgage rates failed to draw new buyers during a shaky economy, a tracking firm said Thursday. Full Story;


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