Tag: Subprime Mortgages
Housing Rescue Package Set for House Vote
A broad housing rescue package aimed at preventing foreclosures would have the government step in to insure up to $300 billion in new mortgages for struggling homeowners. The plan, designed to stabilize a key sector of the shaky economy, is set for a House vote Wednesday. It would let the Federal Housing Administration insure more [...]
Posted: May 11th, 2008 under FHA, Loans, Money, Mortgage Lending, Personal Finance, Real Estate, US Treasury.
Tags: Barney Frank, Fannie Mae, Fannie Mae And Freddie Mac, Federal Housing Administration, Federal Reserve Chairman, Federal Reserve Chairman Ben Bernanke, Finance Agencies, Financial Services Committee, Fixed Rate Loans, Fixed Rate Mortgages, Gop Leaders, Government Step, Henry M Paulson, Local Housing Finance, Mortgage Insurer, Republican Support, Subprime Mortgages, Substantial Losses, Tax Exempt Bonds, Treasury Secretary
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Existing Single-family Home Sales Drop
Sales of existing homes fell in December, closing out a horrible year for housing in which sales of single-family homes plunged by the largest amount in 25 years. The median home price dropped for the entire year, the first time that has occurred in four decades. The National Association of Realtors reported that sales of [...]
Posted: January 24th, 2008 under Federal Reserve, Real Estate, US Economy.
Tags: Association Of Realtors, Bush Administration, Business Confidence, Chief Economist, Congressional Leaders, Federal Reserve, Global Stock Markets, Great Depression, Median Home Price, Median Price, Multibillion Dollar, National Association Of Realtors, Price Decline, Quarter Point, Recession, Shock Waves, Single Family Home Sales, Slump, Stimulus Package, Subprime Mortgages
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