Yahoo! News: Business - Real Estate
Obama administration bolsters homeowner lifeline (Reuters)	1/27/2012 9:31 PM
Reuters - The Obama administration, in an election-year bid to help distressed homeowners, on Friday expanded its main foreclosure prevention program, and pushed for Fannie Mae and Freddie Mac to forgive mortgage debt.
Subpoenas issued to financial firms in expanded probe (Reuters)	1/27/2012 5:57 PM
Reuters - The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.
Justice unit to probe mortgage-backed securities (AP)	1/27/2012 4:12 PM
AP - Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities.
US gov't to extend and expand foreclosure program (AP)	1/27/2012 2:37 PM
AP - The Obama administration said Friday that will expand its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes.
Analysis: Banks expect to spend less on bad mortgages (Reuters)	1/27/2012 2:22 PM
Reuters - Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans.

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