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Fannie Mae, Freddie Mac Sued by California Over Energy Improvement Program

California Attorney General Jerry Brown sued Fannie Mae and Freddie Mac over claims the companies thwarted a program that allows property owners to pay for energy upgrades over time through special tax assessments.

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Why Low Mortgage Rates Aren't Helping the Housing Market

SAN DIEGO - Break out the champagne! Of all the depressing economic news, mortgage rates isn't one of them. Freddie Mac now reports...

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When Foreclosure Threatens Elder-Care Homes

By LAURIE UDESKY Published: April 16, 2010In September 2009, Sgt. Rick Turini of the Santa Clara County Sheriffs Office drove to a house in San Jose to carry out a court-ordered eviction. With foreclosures in Bay Area counties near all-time highs, the office had been routinely evicting 35 to 40 households a week. But this property was different: It was a board-and-care home for the elderly....

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AbitibiBowater, National Envelope, Lehman, General Growth: Bankruptcy

Subsidiaries of Truvo Luxemburg Sarl, a Belgium-based international publisher of directories, missed a June 1 interest payment on two issues of second-priority notes and filed a Chapter 11 petition early this morning in New York. Truvo has agreement for the holders of 778 million euros ($964 million) of first-priority senior debt to receive the new equity plus 600 million euros in new debt.

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