Interesting Housing News Links (February 21, 2009)

* Burglary / Assault Suspect on the Loose (KGIN)

Lincoln Police are on still on the lookout for a man they say led three Nebraska law enforcement agencies in a chase across the Capital City after assaulting two people around 8:30 Saturday morning.

* 73 criminal counts filed against real estate broker (Sacramento Bee)

State Attorney General Jerry Brown filed 73 criminal counts against a Nevada County real estate broker Friday, charging him in a massive mortgage fraud case that may have cost hundreds of investors up to $21 million.

* Stocks fall through a barrier

NEW YORK — An important psychological barrier gave way on Wall Street Thursday as the Dow Jones industrials fell to their lowest level in more than six years.

* Distressed sellers seek desperate measures (Sharlene Goff, The Financial Times)

Growing numbers of redundancies and a dearth of mortgage finance are forcing more homeowners to contact companies that can help them sell their properties quickly.

* Cut COAH from budget to spare taxpayers (Asbury Park Press)

The recent revelation that Gov. Jon Corzine was using faulty data when speaking of New Jersey’s job losses also underscores yet another flaw in the government subsidized low-income housing program known as COAH.

* Monkey escapes; Woodland Park Zoo evacuated (Seattle Times)

The Woodland Park Zoo was evacuated and locked down for about 45 minutes Thursday morning after a small monkey escaped from an enclosure and ran off, zoo officials said. By 11:25 a.m., zookeepers had found the 12-year-old male DeBrazza’s monkey named Ritkus and hit it with a tranquilizer dart, said zoo spokesman David Schaefer. No one was injured and there was no indication anyone was in any da…

* John Laing homeowners on shaky ground (Denver Post)

WASHINGTON The U.S. economy is not likely to rebound until the second half of this year, and even then, the recovery is likely to be “unusually gradual and prolonged,” leaders of the Federal Reserve have concluded.

* Chaska man is sentenced seven years in mortgage scheme (Rochelle Olson, Star Tribune)

In a hearing marked by delays and discord, a Chaska man who was president of a home-building company received a seven-year prison sentence Friday for his part in a mortgage fraud scheme in the southwestern suburbs.

* Economist: We’re In The ‘Soup’ Of Recession (KDKA)

It’s easy to get nervous these days when you listen to news about layoffs, foreclosures and falling stocks.

* Man acquitted in Roseville wedding shootout (Pat Pheifer, Star Tribune)

A jury acquitted Blong Her Fang on Friday of four counts of attempted murder in connection with a shootout at a traditional Hmong wedding celebration at a house in Roseville in February 2008.


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