Interesting Housing News Links (March 17, 2009)

* Man may be jailed for hanging dog (Matlock Mercury)

Christopher Collyer, 25, said his mother, Mandy, told him to “dump” Charlie, a brown and white springer spaniel, after she and his father, Ian, were evicted from their home for failing to pay the mortgage when they lost their jobs.

* Blame Democrats for mortgage mess (Kansas City Star)

Democrats, including President Obama, act surprised by the fact that so many owe more on their homes than they are worth.

* Rhode Island tops nation in rate of mortgage fraud, report finds (Providence Journal)

Rhode Island has displaced Florida as the state leading the nation in mortgage fraud, according to a report made public yesterday by the Mortgage Asset Research Institute.

* Mortgage arrears up 31% in 2008 (BBC News)

The number of mortgage accounts in arrears has shot up by 31% in the past year, according to figures from the Financial Services Authority (FSA).

* The losers won’t just lose quietly (Gil Smart, Lancaster New Era)

On Feb. 19, Rick Santelli of CNBC, railed from the floor of the Chicago Board of Trade against President Obama’s plan to bail out homeowners facing foreclosures. He was you guessed it OUTRAGED, HE WAS OUTRAGED! because the Obama plan subsidizes the “losers,” people who should be made to suffer the consequences of their own poor decisions.

* POLICE BRIEFS: Cops: Builder wrote bad checks; Tips sought in Ocean Gate attack (Asbury Park Press)

MILLSTONE TOWNSHIP: State Police have charged a local luxury home builder with writing more than $150,000 in bad checks to two people who invested in his company.

* New housing projects up sharply in Feb. (Martin Crutsinger)

WASHINGTON – Housing construction posted a surprisingly large increase in February, bolstered by strength in all parts of the country except the West.

* Home reposessions up two thirds in a year says Financial Services Authority (Telegraph)

A total of 46,750 properties were repossessed by lenders during the year, up from 27,900 in 2007, the City watchdog said.

* Savage tries to be more affordable (Star Tribune)

The affluent city of Savage is striving to become more affordable and in some pockets is succeeding, the city’s planner told the Scott County Board last week.

* Economy making it harder to get jurors for trials (The Tribune)

It was a routine question from a Palm Beach County circuit judge to 70 potential jurors: How many of you can’t serve because of a financial hardship?


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