Lennar Homes has identified about 400 homes with Chinese drywall that were delivered in Florida, mainly in its 2006 and 2007 fiscal years, the company announced this afternoon in a filing to the Securities and Exchange Commission.

That represents 2.1 percent of the homes delivered in Florida and 0.5 percent nationally by the Miami-based builder.
The defective [...]

July 15: The Fed adopts a plan to curb shady mortgage practices. Lax lending standards during the heady days of the housing boom ended up burning the riskiest “sub-prime” borrowers—people with tarnished credit or low incomes—because they got loans they couldn’t afford or didn’t understand.
July 30: President Bush signs into law the Housing and Economic [...]