| Housing starts fall sharply in May Washington Business Journal: The end of the homebuyer tax credit slowed construction of new homes in May, although housing starts were still higher than a year earlier. | Georgetown Apple store opens Friday Washington Business Journal: Apple was required to tone down the storefronts design after the preservationists criticized it as not fitting in with Georgetowns historic look. |
| Breaking the foreclosure cycle The New York Times: Program aims to create a solution to the foreclosure problem that is also an antidote for why that particular house fell into foreclosure in the first place. | Maryland lags in delivering its share of bike trail DC Mud: The most optimistic estimate coming out of County work sessions is that the final trail will not be available to non-motorists until late 2018/early 2019. |
| High default seen for modified mortgages Wall Street Journal: Among those with loans that arent backed by any federal agency, the redefault rate within a year is likely to be 65% to 75% under HAMP. | Lenders go after money lost in foreclosures Washington Post: Lenders have become more aggressive in trying to recoup money lost in foreclosures and other distressed sales. |
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Headlines compiled by Strategic Research.
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