Housing and banking special interest groups as well as a group that represents state level banking regulators have weighed in with their opinions and concerns about the banking bailout proposal which is rolling out piecemeal from the Federal Reserve and the Department of the Treasury. Two of the groups...
Update: HUD has released the new loan limits. Find your local loan limit here . President George W. Bush is scheduled to sign H.R. 5140, better known as the economic stimulus package into law on Wednesday. The package, which was passed by both houses of Congress at what looked like warp speed compared...
Several key players have rung in on the decision by the Office of Federal Housing Enterprise Oversight (OFHEO) to retain limits on the mortgage portfolios owned by Freddie Mac and Fannie Mae. The two government sponsored enterprises (GSEs) had petitioned OFHEO, its regulator, last week asking to be allowed...
Right on the heels of the National Association of Realtors rather glum report on the sale of existing houses during the fourth quarter of 2006 the U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their monthly joint report on housing starts and housing permits for...
The housing market threw the world another curve on Thursday. After five straight months of declining sales of existing homes, a sixth dreary month was pretty generally expected. Instead the National Association of Realtors announced that February sales of previously-owned homes had jumped 5.2 percent...