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SACRAMENTO — Attorney General Edmund G. Brown Jr. on June 28 launched an investigation aimed at protecting the rights of the “forgotten victims” of the housing market collapse -- the tens of thousands of tenants facing eviction from buildings that have been foreclosed by banks. “Tenants who live in properties in foreclosure are the forgotten victims of the collapse of the housing market,” Brown said. “We’ll fight every step of the way to ensure they aren...



 
WASHINGTON, D.C. — New U.S. housing construction slumped in May to the lowest level this year, the government said June 16, renewing concerns about a sector that was at the center of the financial crisis. In another indication of the troubles bedeviling the sector, the government said it had ordered embattled mortgage giants Fannie Mae and Freddie Mac to delist from the stock market, ending an arrangement that underpinned the housing market for 40 years. The number of new housing construct...

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