Judge says state can’t investigate
A federal judge on Wednesday blocked New York state Attorney General Eliot Spitzer from investigating national banks’ lending practices, saying the probe is prohibited by federal law.
read more…
Home Affordability in L.A. Falls in April The number of people who could afford to purchase median-priced homes in the Los Angeles region decreased sharply in April from the year-earlier period, the California Association of Realtors said.via
Has the Mortgage Crisis Finally Peaked? (BusinessWeek) Existing-home sales were down 8% in September, but the National Association of Realtors claims mortgage availability is finally improving read more...
First-Time Home Buyers Use Less Cash The NAR has a new report out. "More than four in 10 first-time U.S. homebuyers put no money down on their purchases last year, a trade group said on Tuesday
FOR SOME, DEDUCTING MORTGAGE INTEREST MAY BE OVER- VALUED: Homeowners' tax break could end (The Charlotte Observer) President Bush's tax-overhaul commission is considering an idea to eliminate the vile alternative minimum tax by, among other things, trimming the break homeowners get on mortgage interest.read more...
Buying of scraps stopped in Ctg The Chittagong Scrap Buyers Association on Tuesday stopped buying scrap iron from the ship-breaking yards for an indefinite period triggering rise in iron price in the market.via
LA school district wrestles with environmental issues in building boom The gold walls and chrome balconies of Santee High School gleam against a backdrop of warehouses and aging homes.via