AP - A settlement between mortgage lenders and states over foreclosure abuses includes nearly $34 million for West Virginia.
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W.Va. gets $34m in national mortgage lending deal (AP)
Colorado to get $205 million in foreclosure relief (AP)
AP - Colorado Attorney General John Suthers says Colorado will get about $205 million as part of a multistate settlement with the nation’s five largest national banks over home foreclosures.
D.R. Horton profit beats on higher home orders (Reuters)
Reuters - D.R. Horton Inc , the top U.S. homebuilder, posted a first-quarter profit that beat market expectations, helped by a surge in orders indicating a stabilizing housing market, and said it was looking at spring selling season with “cautious optimism.”
NH home sales went up in 2011, prices fell (AP)
AP - A realtor group says New Hampshire saw a 2 percent increase in home sales in 2011, while the median price of those homes fell by 6 percent.
Georgia ethanol plant sold at foreclosure (AP)
AP - A southeast Georgia ethanol factory that cost taxpayers $70 million has been sold at a fraction of the cost in a foreclosure sale, leaving millions of dollars in government loans unpaid.
Most Overrated Books of the Year
These books may have landed on this year’s bestseller lists, but they definitely don’t belong on any must-read lists. Recommended Airport Reads Funny Holiday Reads
$25 billion Opinion from Retired Wells Fargo Exec
The SEC, Securities and Exchange Commission, has charged six former Fannie Mae and Freddie Mac executives with securities fraud . It is alleged that they misled investors about the extent of the exposure of the mortgage giants to risky subprime mortgage debt
$25 billion Opinion from Retired Wells Fargo Exec
The SEC, Securities and Exchange Commission, has charged six former Fannie Mae and Freddie Mac executives with securities fraud . It is alleged that they misled investors about the extent of the exposure of the mortgage giants to risky subprime mortgage debt.
Former Iowa real estate agent sentenced for fraud (AP)
AP - Federal prosecutors say a former Davenport real estate agent has been sentenced to two years in prison for her role in a scheme to defraud banks and mortgage lenders.
Summary Box: Ex-Fannie, Freddie execs charged (AP)
AP - EXECUTIVES CHARGED: Two former CEOs at mortgage giants Fannie Mae and Freddie Mac, and four other executives, were charged with civil fraud, the Securities and Exchange Commission said Friday. They are the highest-profile individuals to be charged in connection with the 2008 financial crisis.
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