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Real Estate News Today 3-19-2012


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

Mortgages for Drilling Properties May Face Hurdle
The New York Times | March 18, 2012
The Department of Agriculture is considering requiring an extensive environmental review before issuing mortgages to people who have leased their land for oil and gas drilling.

Mortgage Burden for Bales Familiar Story for U.S. Troops
Bloomberg | March 19, 2012
The housing finance setbacks that confronted Army Staff Sergeant Robert Bales, the soldier accused of killing at least 16 civilians in Afghanistan, are one part of his story that many U.S. troops would recognize.

Housing Market at Center of Mortgage Crisis is Blooming Again
CNN | March 17, 2012
Want a sign of economic hope? Look to a place where the housing collapse began: Phoenix, Arizona.

Fannie Mae’s Property Sales Generate Investor Interest
Reuters | March 19, 2012
Some big investors have shown interest in buying foreclosed properties being sold in bulk by Fannie Mae, the largest U.S. home funding source, the Wall Street Journal said citing people familiar with the process.

Housing Bulls Aren’t So Far Out on a Limb
The Wall Street Journal | March 18, 2012
Plenty of economists and executives have fallen on their faces proclaiming a recovery in the housing market. But there is reason to feel hopeful about new construction.

The House Made From 100 Cars
CNN Money | March 18, 2012
Reclaimed wood, pieces of junkyard cars, and an old shipping container all went into building this super eco-friendly California home.

Nearly 100 Housing Markets Improve in March: NAHB
The MReport | March 16, 2012
Fewer declines in housing permits, strengthening job numbers, and stabilizing home prices helped field improvements in nearly 100 housing markets in March, according to the National Association of Home Builders (NAHB).

Housing policy impedes mortgage market recovery: Edward Pinto
HousingWire | March 19, 2012
Policymakers who built a housing market based on lax underwriting for political purposes are now stalling a housing recovery with aggressive legislation and a failure to let the housing market clean itself up, according to Edward Pinto, resident fellow at the American Enterprise Institute.

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