Friday, July 25th, 2008
Congress is finally about to grant more power to the minders of Fannie and Freddie. And housing agency director James B. Lockhart III will have to figure out how best to use that power.
Archive for July, 2008
Thursday, July 24th, 2008
A medical examiner said that Scott Coles, the late chief executive of real-estate lender Mortgages Ltd., died on June 2 as a result of suicide induced by alcohol, oxycodone and zolpidem.
Thursday, July 24th, 2008
A sprawling bill that reaches deep into the U.S. housing industry is close to becoming law. The bill, which began seven months ago as a modest attempt to help struggling homeowners, will now likely touch a vast array of borrowers, lenders and investors.
Thursday, July 24th, 2008
Infestations of Japanese beetles have spread to more than 30 states, wreaking havoc on the foliage of trees and crops. Gardener Steve Stecklow is waging a biological war against these predators.
Wednesday, July 23rd, 2008
Mortgage rates are nearing their highest levels in a year, adding to pressures on the weakened housing market.
Monday, July 21st, 2008
Freddie Mac is considering raising capital by selling as much as $10 billion in new shares to investors. The move would have the potential to avoid a full-blown government rescue for Freddie and Fannie Mae. Friday, Freddie filed an SEC form to register its common stock, removing one obstacle that has kept the company from raising capital.
Monday, July 21st, 2008
The FDIC was among lenders giving out high-interest, subprime mortgages, some of them predatory, according to federal documents.
Monday, July 21st, 2008
The owners of a resort community in the desert outside Las Vegas placed the project in bankruptcy proceedings.
Monday, July 21st, 2008
A Fortress fund tied to mortgage-backed securities is down about 30% as investors flee the sector, fearing a spate of defaults.
Saturday, July 19th, 2008
Sick of high energy bills, our columnist investigates solar options.
