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Rent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
South Florida

Who’s to blame for mortgage meltdown?

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Fannie Mae and Freddie Mac have been blamed for causing the
mortgage meltdown. The companies lost a combined $14 billion in the year ending
June 30, 2008 largely because they lowered credit standards and purchased or
guaranteed questionable home loans. Some mortgage industry consultants say the
worst-performing mortgages were originated by subprime lenders and packaged
into securities sold by Wall Street, not Fannie and Freddie.