FDIC Sues 4 Former IndyMac Executives

WASHINGTON, D.C. - (AP) Bank regulators have accused four former executives of failed IndyMac Bank of negligence in making loans to homebuilders and are seeking a total $300 million in damages. The Federal Deposit Insurance Corp., which took over California-based IndyMac when it collapsed two years ago...

Study Ranks Top 10 in Green Homebuilding; Reveals Need for Improvement

Recently, Calvert Investments , a Bethesda, M.D.-based investment group, released a study entitled “ A Green Recovery for America’s Homebuilders? A Survey of Sustainable Practices by the Homebuilding Industry ,” which examined America’s 10 largest publicly traded homebuilders...

Real Cases in Real Estate by Andrea Lee Negroni, Esq. – May 9th Update

Real Cases in Real Estate is a weekly update on real estate law, with legal principles illustrated and explained by lawsuits from around the country. The topics are wide-ranging for appeal to a broad spectrum of readers including lawyers, homeowners, investors and the general public. Andrea Lee...

Construction Defects: Alabama Supreme Court Holds Faulty Workmanship May Be An Occurrence

In its opinion in Owners Insurance Company v. Jim Carr Homebuilder, LLC , 2013 Ala. LEXIS 122 (Ala. Sept. 20, 2013) [ enhanced version available to lexis.com subscribers ], the Supreme Court of Alabama the court had the occasion to consider what constitutes an “occurrence” as defined under...