ALL BUSINESS: Double standard in mortgage walkaway (AP)

AP - Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. That's good business.

Calif. woman gets 3 years for huge mortgage fraud (AP)

AP - A former Beverly Hills real estate appraiser has been sentenced to three years in federal prison for her role in a massive mortgage fraud.

ALL BUSINESS: Double standard in mortgage walkaway (AP)

AP - Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. That's good business.

Lloyds reopens U.S. RMBS market with $1 billion deal (Reuters)

Reuters - Lloyds TSB raised $1 billion via a residential mortgage-backed bond on Friday, reopening a U.S. market that had been shut since mid-2008 because of the credit crunch.

UK house prices, consumer confidence rise in Jan (AP)

AP - U.K. house prices rose 1.2 percent during January to push them 8.6 percent higher from a year ago, a major mortgage lender said Friday, while a separate survey showed consumer confidence picked up after a three-month drop.

Gov’t eases paperwork for loan help program (AP)

AP - Homeowners seeking relief under the Obama administration's mortgage aid program will be required to provide proof of their incomes upfront, a significant reversal for the problem-plagued effort to stem the foreclosure crisis.

Obama admin: Make more modified home loans permanent (Reuters)

Reuters - The Obama administration unveiled changes to its $75 billion home loan modification program on Thursday in an effort to boost the number of trial home loans that become permanent.

Mortgage rates nearly flat this week (AP)

AP - Rates on 30-year mortgages remained almost flat this week as the Federal Reserve said it would keep rates near record lows to help the economy recover.

California default notices fall 24 percent in 4Q (AP)

AP - Mortgage default notices for California homeowners fell 24 percent during the fourth quarter, suggesting the worst might be over for foreclosures in entry-level markets while problems spread to pricier neighborhoods, a research firm said Wednesday.

Countrywide scrapped Texas pact in December (AP)

AP - Bank of America canceled a jobs contract with Texas because the mortgage crisis and a complex merger were preventing its Countrywide Home Loans from adding the 7,500 jobs it promised to the state by late 2010, the company said Wednesday.

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