The city of Sacramento has dropped an offer of a $10 million loan to the developer of a proposed downtown condominium tower that failed to secure financing before a deadline that was extended twice, a city official confirmed Friday.

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President Bush today said he'll make changes in Federal Housing Administration policies to help homeowners affected by the subprime mortgage crisis. Bush said he would work toward modernizing and improving the FHA "by lowering down payment requirements, by increasing loan limits and providing more flexibility in pricing."

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Poll: Worst is yet to come from mortgage industry

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The Columbus Landmarks Foundation has named a new executive director as it celebrates a landmark of its own.

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Breakstone Homes bought 12 acres of land at the Golden Glades interchange in Miami for a town home development, said Colliers Abood Wood-Fay, which represented the seller.

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The owners of a recently completed condominium project called HarborView at the Navy Yard are putting the project up for sale as a luxury rental property.

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San Antonio College has received a $597,530 grant from the U.S. Department of Housing and Urban Development (HUD) to build a community center to serve low- and moderate-income residents living around the campus.

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Southwestern Illinois College ranks in the top four percent of two-year colleges nationwide for associate degrees awarded, according to a Community College Week magazine analysis of U.S. Department of Education statistics.

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The amount the price of an average home rose vary widely around the Triad between the second quarter of 2006 and the second quarter of 2007, according to a report issued by the Office of Federal Housing Enterprise Oversight.

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Former Housing and Urban Development Secretary Henry Cisneros is throwing his political and business clout toward pushing for more private capital investment in new housing in New Orleans.

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