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"Reform is coming," according to a Treasury Department official who spoke this week to the National Policy Conference 2010 held by the Mortgage Bankers Association in Washington, DC. Michael S. Barr, Assistant Secretary for Financial Institutions, recapped events leading up to the collapse of the mortgage market and the economy, and gave conference attendees some background on regulatory changes currently under consideration. ...

Federal Reserve Governor Duke says the downturn in housing has affected communities in many ways, but the effects were largely related to the underlying economies of each. Therefore, a stabilization strategy that might work in an industrial area with high unemployment might not work in a suburban area where employment is relatively stable....

August recorded a substantial decline in the pace of new home sales , even with the median price for a home falling 5.5% in the month. The pace of sales fell 11.5% over the month, pushing the annual rate of sales down to 460k from the 520k pace in July...