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South Florida

State pension fund loses money invested in New York project … and more

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1. Florida’s state pension fund loses $250 million invested in Stuyvesant Town and Peter Cooper Village [Bloomberg]
2. Three charged in vacant land fraud scheme [Mortgage Fraud Blog]
3. Construction spending falls nationwide in July [MSNBC]
4. Pending home sales rise 3 percent in July [National Mortgage News]
5. New loan disclosure rules may delay some closings [Realty Times]
6. Is the Federal Deposit Insurance Corporation running out of money? [National Real Estate Investor]
7. Housing affordability remains near highest level in 18 years [Realty Times]
8. Residential loan buybacks still high [National Mortgage News]
9. Home Affordable Refinance Program has taken longer to get off the ground than expected [WSJ]