Real Estate Headlines 02.05.2013

Beginning next month, Fannie Mae and Freddie Mac will allow underwater homeowners to walk away from their homes in a controversial move to offer relief to homeowners who have kept up with their payments, according to Bloomberg.com. While most contention has centered around homeowners that fail to or cannot pay their mortgages, many argue that homeowners owing more than their house is worth are also victims of the recession, which Fannie and Freddie intend to address.

Fannie, Freddie to let underwater homeowners out of mortgages ~ AGBeat

Fresh Questions Over a Bank of America Settlement ~ New York Times

Standard & Poor’s expects lawsuit over subprime ratings ~ BBC

Bad neighbors can affect appraisals ~ Yahoo News

Trulia reveals best home-searching season ~ Housingwire

CoreLogic: December home prices rise the most in six years ~ HousingWire