Interesting Housing News Links (March 4, 2009)

* Police: Man accused of stabbing landlord over rent in El Mirage (Lisa Halverstadt, Arizona Republic)

El Mirage police were taken aback Saturday afternoon when they responded to a reported stabbing, only to come across the apparent victim of another stabbing the previous night. In another strange twist, the same man is suspected in both stabbings.

* Mortgage broker pleads guilty in fraud case (Gary L. Wright, News & Observer)

CHARLOTTE — Former mortgage broker Michael Pahutski pleaded guilty Tuesday to 21 federal charges that could land him in prison for more than a decade for his role in a mortgage fraud case involving about $15 million in loans and more than 200 properties.

* KC shootout ends with KCK man dead (Kansas City Star)

Kansas City police today identified a man killed in a shootout Monday night in the Northeast area as Cedric J. Dent, 24, of Kansas City, Kan.Police reports gave this account:A man who lived in the 200 block of N. Elmwood Avenue was standing with his cousin and a friend in the street about 10:35 p.m. The homeowner went into his house and a short time later his wife announced two me…

* Let’s not blame working poor for crisis (Press of Atlantic City)

Blame the hedge fund managers. The subprime mortgages. Mismanagement at Fannie Mae, Freddie Mac. Detroit automakers’ stubborn refusal to build more energy-saving vehicles.

* Feb. consumer bankruptcies up 29% (Ben Rooney, Money)

NEW YORK (CNNMoney.com) — Bankruptcy filings by American consumers surged in February, according to a new report Wednesday.

* Blame lenders greed, not working poor (Myriam Marquez, The Vindicator)

Blame the hedge fund managers. The subprime mortgages. Mismanagement at Fannie Mae, Freddie Mac. Detroit automakers� stubborn refusal to build more energy-saving vehicles.

* Reckless lending means Northern Rock arrears soar 395 per cent (Clinton Manning, Mirror)

Northern Rock’s careless dealings have led to a massive number of homeowners in arrears and fearing eviction.

* As house prices drop, state foreclosures most severe in Pierce County (Nicholas K. Geranios)

The slump in home sales and prices hit nearly every county in the state in the fourth quarter, but Pierce County appears to be especially hard hit.

* Mortgage broker pleads guilty in fraud case; faces long prison term (Gary L.. Wright, Charlotte Observer)

Former mortgage broker Michael Pahutski pleaded guilty Tuesday to 21 federal charges that could land him in prison for more than a decade for his role in a mortgage fraud case involving about $15 million in loans and more than 200 properties.

* DNA sample leads to arrest (Matt Pais, Asbury Park Press)

LACEY A DNA sample recovered from a ski mask used during a 2008 home invasion matches the identity of a man already in custody at the Middlesex County jail, police said.

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