Housing market shows weakness for 2nd month
Housing market shows weakness for 2nd month
WASHINGTON—Sales of previously owned homes plunged in January to their lowest level since summer, evidence that high unemployment and tight lending standards are undercutting the government’s attempts to prop up the market.
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U.S. housing market shows weakness for 2nd month
U.S. housing market shows weakness for 2nd month
Summary for story goes here and here’s some morej summary to go with the story
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Fears of Chinese drywall at Boynton Beach housing project
Fears of Chinese drywall at Boynton Beach housing project
Roxanne Burey was thrilled when she bought her townhome in The Preserve in Boynton Beach in 2007.
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Housing market a sleeper issue for Gen Y
Housing market a sleeper issue for Gen Y
Crikey readers weigh in on ASIO, the horrors of the housing market and housing affordability and the NSW ALP.
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Categories: mortgage merge Tags: Housing, issue, Market, sleeper
$1.5 billion in housing aid coming to Arizona, 4 other states
$1.5 billion in housing aid coming to Arizona, 4 other states
Money to help reduce the number of foreclosures.
Read more on The Arizona Republic
$1.5 billion in housing help for unemployed, underwater
$1.5 billion in housing help for unemployed, underwater
Under pressure to do more for troubled homeowners, President Obama announced Friday a $1.5 billion program to help borrowers in the five states hit hardest by the housing crisis.
Read more on CNNMoney.com via Yahoo! Finance
Categories: mortgage merge Tags: $1.5, billion, Help, Housing, Underwater, unemployed
Targeted Foreclosure Aid Just a Start, U.S. Housing Chief Says
Targeted Foreclosure Aid Just a Start, U.S. Housing Chief Says
U.S. Housing and Urban Development Secretary Shaun Donovan said President Barack Obama’s $1.5 billion foreclosure-prevention initiative targets the housing markets that need it most and additional programs may be created.
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Categories: mortgage merge Tags: Chief, foreclosure, Housing, Just, Says, start, Targeted, U.S.
Housing finance firms want relief from base rate
Housing finance firms want relief from base rate
Housing finance companies (HFCs), which rely heavily on banks for funds, have said that loans taken by them should be exempted from the proposed base rate system.
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Housing starts post sharp rebound
Housing starts post sharp rebound
Housing starts rose to a six-month high in January and industrial output increased solidly, pointing to an economic recovery that was taking a firm hold and respectable first-quarter growth.
Read more on Reuters via Yahoo! News
Fannie, Freddie Housing Goals May Exclude Subprime (Update1)
Fannie, Freddie Housing Goals May Exclude Subprime (Update1)
Feb. 17 (Bloomberg) — Fannie Mae and Freddie Mac would no longer be able to rely on subprime mortgages to meet their government-mandated goals for helping lower-income Americans obtain mortgages, according to proposed regulations.
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