Homeowners associations face lawsuit
Homeowners associations face lawsuit
Feb. 22, 2010 — Las Vegas Business Press
A group of disgruntled investors has hit Southern Nevada homeowner associations with a class action lawsuit.
Proposal Calls for Fannie, Freddie to Be U.S.-Owned Nonprofits
Feb. 23, 2010 — The Wall Street Journal
An influential real-estate trade group is calling for the government to convert Fannie Mae and Freddie Mac into federally owned nonprofit corporations that would largely leave the mortgage-finance giants intact.
Despite a Price Gain in December, Signs of Worry on Housing
Feb. 23, 2010 — The New York Times
The wobbly state of the housing market was made clear on Tuesday with the release of data showing that home prices managed a modest increase in December even as many more Americans owed more on their properties than they were worth.
Troubled banking industry sharply reduced lending in 2009
Feb. 24, 2010 — The Washington Post
Lending by the banking industry fell by $587 billion, or 7.5 percent, in 2009, the largest annual decline since the 1940s, as the number of troubled financial institutions rose sharply, the Federal Deposit Insurance Corp. reported Tuesday.
New home sales hit record low in January
Feb. 24, 2010 — Associated Press
WASHINGTON -- Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.