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.