| Oil spill may cause $4.3 billion loss in Gulf Shore properties Business Week: Falling real-estate prices are one consequence of the worst environmental disaster in U.S. history as oil keeps gushing from a BP well. | FBI to arrest hundreds for mortgage fraud Calculated Risk: The FBI typically doesnt arrest borrowers who misrepresented their income - they arrest mortgage brokers who encouraged people to falsify their income. |
| Vacation home scams online: If its too good to be true ... Washington Post: The FBIs Internet Crime Complaint Center reports that sham vacation home offers are only the latest in a long list of online fraud operations it tracks. | Jumbo mortgage markets slow return to normal Market Watch: But while some primary lenders are said to be putting their toes back into the jumbo space, still others are pulling out. So its a very mixed bag |
| Big banks move to short sales, but will it help housing? CNBC: The bad news is that short sales, like it or not, are comps. They sell for less, and consequently bring down the values of properties around them. | Sending in the scouts The Real Deal: Previewing properties in New York has become an increasingly popular trend as buyers have become pickier about getting bargains and inventory has risen. |
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Headlines compiled by Strategic Research.
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