A Nevada jury awards damages to only 70 homeowners of the 1,000 that filed suit over homes in a Pulte community. More
The lawsuit, filed in 2003 as a class-action case, claimed that damages related to allegedly defective stucco could total several hundred million dollars. But class certification was denied, and the plaintiffs' attorneys filed individual cases on behalf of the owners of almost 1,000 homes. More
Illinois and California attorney generals and Washington Governor file suit against Countrywide Financial on same day as company shareholders vote to accept Bank of America takeover bid. More
The U.S. Department of Housing and Urban Development (HUD) recently announced a plan to eliminate the organization's privately funded down-payment assistance program for loans insured by the Federal Housing Administration because research reveals that homeowners receiving down-payment aid are more likely to default on mortgage loans. HUD's decision has sparked opposition from politicians, special interest groups, and nonprofit organizations that provide down-payment assistance. Two of the nonprofits, The Nehemiah Corp. of America and AmeriDream, filed lawsuits on Monday challenging HUD's ruling. More
By implementing and continually refining a comprehensive commitment to quality... More
It took nearly six years, but a copyright infringement lawsuit brought by the Rottlund Co., against Town & Country Homes (a subsidiary company of Hovnanian Enterprises) and the architecture firm Bloodgood Sharp Buster Architects & Planners of Iowa Inc. settled for an undisclosed amount of money. Tuesday's settlement announcement comes just days before the case was going to be heard again for the third time in a courtroom. In an interview with BUILDER Magazine, Rottlund Homes' attorney Craig Krummen, a shareholder at the Minneapolis law firm Winthrop & Weinstine, explained how this settlement sets a new legal precedent. More
Five financial associations petition House and Senate committees working on mortgage regulatory reform to tred lightly or risk upending an already unstable market. More
Builders worry that a state supreme court ruling could leave them open to more lawsuits. More
Home builders in Colorado vow to fight a new law that prohibits a builder from having a home buyer going through the notice and opportunity to repair (NOR) process waive his right to file a lawsuit for a construction defect. More
- Faulty plumbing fittings cause legal morass in Las Vegas area. - Data from the... More
