Interesting Housing News Links (February 25, 2009)

* Bill deals with faulty foreclosures (Brendan Riley)

A proposed 1-sentence law change, approved Wednesday by a key Assembly panel, would help homeowners who face errors by mortgage companies of the sort that cost a Las Vegas family irreplacable personal possessions.

* POLICE BRIEFS: Jackson man charged in theft; Man, 42, nabbed following chase (Asbury Park Press)

HOWELL: Police arrested a Jackson man who they say broke into a Chestnut Hill Road home and stole jewelry.

* 23-year-old charged in jewelry theft from Greenville home (News Journal)

A masked man broke into a Greenville home early Tuesday while the residents slept, threatened the two homeowners with a baseball bat and then escaped with nearly $20,000 worth of jewelry, police said.

* Hungary on edge of bankruptcy (Damien Mc Elroy, Telegraph)

The birthplace of the Rubik’s Cube has provided its government with a multi-sided financial crisis that defies any ingenious solution.

* Five indicted in alleged mortgage scheme (Adam Jensen, Tahoe Daily Tribune)

A federal grand jury has returned an eight-count indictment against five people for their alleged involvement in a mortgage fraud scheme in South Lake Tahoe and Nevada City.

* Northern Rock and Bradford & Bingley pressed to end charges for struggling homeowners (Times Online)

Northern Rock and Bradford & Bingley, the government-backed lenders, could be forced to scrap charges levied on struggling homeowners who slip behind with mortgage payments, after accusations that the fees are unfair.

* Fixing foreclosures mess difficult

LANSING — Michigan, already home to the nation’s sixth-highest foreclosure rate, is facing an even bleaker picture in the year ahead.

* Man faces burglary charges for alleged break-ins in NCCo (News Journal)

An alert homeowner called police Monday afternoon after spotting a suspicious man walking through rear yards and peering into windows in Hockessin.

* Barratt posts hefty loss (ITN Online)

Housebuilder Barratt Developments has posted a loss of almost �600 million after writing down the value of land it holds.

* Ontario hit hardest as So. Calif. passenger counts tumble (Ben Mutzabaugh, USA Today)

The going is getting rough at for California’s L.A./Ontario International Airport. “Battered by the deepening economic recession, the number of passengers at (Ontario) continued to plunge in January, falling by an unprecedented 31% compared with the same month last year, new figures show,” the Los Angeles Times writes. The Times notes that it wasn’t that long ago that Ontario was “one of the fa…


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