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Cal. city looks to use eminent domain to seize mortgages 26 Aug 2013 | 06:53 am
When the mayor of Richmond, Calif., and a gaggle of activists and homeowners showed up at the Wells Fargo Bank headquarters in downtown San Francisco this month, they were on a mission to speak with t...
Votes for mortgages 13 Aug 2013 | 06:39 am
Fannie and Freddie have been in operation for decades without problems until recently. Fannie began in 1938 as a quasi-governmental agency making affordable homes available to people by making the fin...
Pimco, Blackrock seek to bar California mortgage seizures 13 Aug 2013 | 04:53 am
Pacific Investment Management Co., BlackRock Inc. (BLK) and Bank of New York Mellon Corp. are seeking a court order blocking Richmond, California, and Mortgage Resolution Partners LLC from seizing mor...
Decades-long property battle ended in Saylorsburg, Pa. town hall shooting 8 Aug 2013 | 09:00 am
Accused killer Rockne Newell lost ownership of his property to Ross Township less than two weeks ago, according to the Monroe County Sheriff's Office. The township apparently forced the July 25 sheri...
Obama housing 'plan': Demolish, rehab vacant properties; wind down Fannie, Freddie 7 Aug 2013 | 05:17 am
President Obama on Tuesday outlined a series of policies he said would save home ownership for the middle class. In a speech Tuesday in Arizona, one of the states hit hardest by the housing crisis th...
Dem-backed Cal. firm colludes with city govt, rips off taxpayers through seizures 7 Aug 2013 | 05:07 am
A company run by prominent Democratic supporters is colluding with local governments to enact sweeping home mortgage reforms at the expense of taxpayers and lenders, according to a U.S. congressman. ...
Housing finance nominee Watt may test Congressional deal on speedier appointments 21 Jul 2013 | 10:21 am
The president’s nomination of Rep. Mel Watt (D-N.C.) to permanently fill a long-vacant slot as the nation's top housing regulator could prove an early test on the Senate’s newfound compromising spirit...
House financial panel chair sees fast action on bill to phase out Fannie, Freddie 21 Jul 2013 | 10:07 am
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) can foresee a vote on his bill to phase out housing giants Fannie Mae and Freddie Mac soon, following a committee markup before the...
Single family home investors appear to be slowing purchases 4 Jul 2013 | 07:36 pm
Are real-estate investors starting to run out of gas? Single-family home investors, whose mostly cash purchases played a central role in healing the U.S. housing market, have started to slow down thei...
Low income rental market shrinking 1 Jul 2013 | 03:04 am
Low-income renters are facing increasingly difficult prospects when looking for housing because more people are falling into poverty, and budget woes are cutting into the supply of government-subsidiz...
