Your Southern California Real Estate Resource   A Home Marketed By This Team Is As Good As A Guaranteed Sale! Call 1-800-525-5157


Yahoo! News: Business - Real Estate
Obama administration bolsters homeowner lifeline (Reuters) 1/27/2012 9:31 PM

A new home development is shown in Miami in this January 26, 2010 file photo. Housing-related stocks declined after data showed sales of new single-family homes fell for the first time in four months in December of 2011 and were shy of Wall Street expectations. The data followed the soft pending home sales report on January 25, 2012 and dented optimism that the housing market may have reached a bottom.  REUTERS/Joe Skipper/Files   (UNITED STATES - Tags: BUSINESS REAL ESTATE)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

Attorney General Eric Holder announces the formation of the Residential Mortgage-Backed Securities Working Group, Friday, Jan. 27, 2012, during a news conference at the Justice Department in Washington. President Barack Obama directed Holder to collaborate with several state attorneys general and other federal entities to investigate those responsible for misconduct contributing to the financial crisis through the pooling and sale of residential mortgage-backed securities. This working group will be operated out of the President's Financial Fraud Enforcement Task Force, which is chaired by Holder. (AP Photo/Cliff Owen)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.


GET FREE LISTINGBOOK - BURBANK, TOLUCA LAKE, STUDIO CITY, LA MARKET VALUES:


The Achievers Group The Achievers Group 800-525-5157 ext 0 Email The