The government had accused the bank of understating the risk and quality of the mortgages they sold to investors, who then lost billions when half of the borrowers defaulted.
housing
Posted inBusiness, Local & State
Major Portland subdivision moves forward after neighbors drop lawsuit to save farmland
The development on the 55-acre tract once known as Camelot Farm will include as many as 95 single-family homes and 25 townhouses.
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Posted inBusiness, Local & State
Median sale price for existing, single-family Maine homes jumps 11%
Sales volume also rises in June, by 3% compared to the same period last year.
Posted inBusiness, Local & State, News
Maine’s rental market among nation’s least affordable, report says
A housing coalition’s annual report places Maine 9th among states where there’s a big gap between what a typical renter earns and what is needed to comfortably afford a 2-bedroom apartment.
Posted inSource
Can the lure of no energy bills add up to sales for Maine homebuilders?
For developers, selling a subdivision of all net-zero homes, designed to generate enough power to zero-out electric bills over time, has been a challenge in Maine.
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: We must demand that legislators fund care for those with substance use disorder
Public health interventions save lives, but more friends and family will die if we don’t pay for them now.
Posted inBusiness, Local & State, News
Shipyard Brewing’s ambitious plan for India Street area includes housing, TV station, ‘brewtel’
The $65 million proposal also calls for a new office building and parking garage on the 2-acre site and renovating the brewery.
Posted inBusiness, Local & State, News
Tight Maine housing supply means fewer sales, higher prices in March
Home sales fell by almost 3 percent from a year earlier, while the median price shot up by 11 percent.
Posted inLocal & State, Politics
Senate confirms LePage pick for top MaineHousing post
Dan Brennan has worked for more than 25 years at the Maine State Housing Authority, most recently as senior director of programs.
Posted inBusiness, Local & State, Maine Crime
Judge rejects bankruptcy filing by 3 housing companies tied to Michael Liberty
The federal judge acts in response to a challenge by a management company that said the filings were an attempt to get out of a contract, dealing the former Portland developer another legal setback.