Housing

As Home Prices Fall Further, Is It Time to Buy? - CNBC

Fannie Mae: REO inventory declines 27% in 2011 - CR

California lawmakers introduce new foreclosure rules – HousingWire

Under this bill, servicers would be required to provide documentation to the borrower establishing its right to foreclose before the filing first step in the process — the default notice. Evidence of ownership and chain of title must also be shown to the borrower.

The bill prohibits servicers from dual-track foreclosures, or completing the process if the borrower is being considered for a modification. Notices of foreclosure sales must also be personally served.

What Does Ed DeMarco Really Think About Principal Write-Downs? – WSJ

Eminent Domain: Now An Eminent XL Issue – Esquire

Economy

U.S. Business Activity Improves in Sign Demand to Sustain Growth – Bloomberg

Apple market value hits $500B – SF Gate

Misc.

Michael Jordan Lists His House For $29,000,000 – WSJ

Ron Paul, Party Crasher – The New Yorker

Santa Clara approves lease for 49ers stadium – SF Examiner