The Illinois Attorney General has filed a lawsuit against Standard & Poor’s, claiming that the agency gave fraudulently high ratings to risky mortgage-backed investments in the years prior to the 2008 housing market crash
The third quarter of 2011 saw more than 200,000 foreclosed homes purchased nationwide, which accounted for 20 percent of all sales in that period, according to a CNNMoney story based on RealtyTrac data.
A private-equity fund that generated big profits by buying up empty data centers after the technology-stock bust in 2000 is now gambling on foreclosed homes.
Builder confidence in the market for newly built, single-family homes continued to climb for a fourth consecutive month in January, rising four points to 25