Another Full Year Of Housing Pain? June Fletcher explains why it may be another 12 months until the market improves.read more...
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Industry unveils new mortgage-relief plan (The Arizona Republic) As losses from bad loans continue to mount despite more than a year of government and industry focus, some of the giants of the mortgage industry, including Fannie Mae and
NHB in talks to develop reverse mortgage insurance (The Economic Times) The National Housing Bank (NHB) has proposed a mortgage assurance scheme in line with the bancassurance scheme that is operated by banks.read more...
Home-building slump cuts into sawmills' profits Dozens of sawmills around the country are laying off workers, shutting down temporarily or trimming hours, as a steep drop in home building hits demand and prices.Commentread more...
Home Builders Hammer FDIC Home builders are railing against the FDIC, saying the agency is cutting off construction financing from seized banks and demanding early repayment of current loans.read more...
Nine years after the slaying of rap star Biggie Smalls, LAPD Chief William J. Bratton has launched a task force of senior homicide detectives to hunt down the killer, a rare show of force for a cold-case murder …
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