Real Estate News Today 12-19-2011

19 Dec

Today’s news that may be of interest to you:

Investigators Say 4 Members of the US House Got Discounted Loans from Countrywide
The Washington Post | December 19, 2011
Congressional investigators said Monday that four House members received VIP discounted loans from the former Countrywide Financial Corp., the lender whose subprime mortgages was largely responsible for the nation’s foreclosure crisis.

Readers Lay Down the Law on Vacation Homes
The Wall Street Journal | December 19, 2011
People who have second homes in desirable locales can find themselves overrun with family and friends.

A Push to Turn ‘For Sale’ Into ‘Sold’
The Wall Street Journal | December 19, 2011
In 2007, Lee and Alfred Rose decided they were ready to sell their big house in Goodyear, Ariz., and move into an apartment in nearby La Loma Village, a continuing-care retirement community. But the housing crisis soon hit, and the couple spent the next 2½ years showing their home, while their reserved space at La Loma sat empty.

Mortgage Debt in the U.S. Continues to Contract
DS News | December 16, 2011
The ongoing turmoil still gripping housing markets across the country has manifested itself in the Federal Reserve’s macro assessment of household wealth and capital flow.

SEC Charges Former GSE Execs with Securities Fraud
DS News | December 16, 2011
Six former executives at Fannie Mae and Freddie Mac are now facing securities fraud charges for misleading statements regarding subprime loans.

U.S. Housing Heals Even as its Damage Widens
Reuters | December 19, 2011
The U.S. housing market, once the epicenter of the global financial collapse that spawned today’s European debt crisis, is on the verge of delivering some positive news.

Lennar acquires 650 home sites from Premier in Pacific Northwest
HousingWire | December 19, 2011
Homebuilder Lennar Corp. acquired 650 finished home sites in 20 communities located in the Pacific Northwest.

Anthony Carollo 2007 EMAIL  


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Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA 99201
Telephone: 509.328.7171
Direct Line: 509.321.3939
Direct Fax: 866.652.8834


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