Friday, August 17, 2012

Builders started less project in July (Washington Post)  Constructions starts were down nationwide last month, but permits are now on the rise.  While construction of single-family homes is down, apartment construction is up.

New federal rules change the appraisal process (Washington Times)  All high-risk mortgages would have to have an appraisal first.

HUD to auction $1.7b in home loans (Bloomberg) A host of non-performing, federally insured home loans will be put on the block.  The sale consists of 9400 loans.

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