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Home Prices Drop in November for Third Straight Month By Derek Kravitz, Associated Press, Jan 30, 2012 Home prices fell for a third straight month in November in nearly all cities tracked by the Standard & Poor's/Case-Shiller home-price index...
GOP Set to Begin Chipping Away at Mortgage Giants March 14, 2011, Wall Street Journal Republican lawmakers are preparing this week to introduce a series of legislative proposals to gradually reduce the role of Fannie Mae and Freddie Mac. The effort represents...
Housing Starts Fall, Permits Offer Ray of Hope Reuters, July 20, 2010 U.S. housing starts hit their lowest level in eight months in June, further evidence the economy lost momentum in the second quarter, but a rise in permits offered hope of a pick up...
Lawmakers Battle Over Foreclosure Remedies June 20, 2010, Press Enterprise The number of mortgage defaults and home foreclosures is falling in the Inland area and around the state, but the tug of war between the lending industry and people pushing for...
Freddie Mac Asks for $10.6 Billion May 6, 2010, New York Times Freddie Mac is asking for $10.6 billion in additional federal aid after posting a big loss in the first three months of the year. The new request will bring the total bill for rescuing Freddie...
Pending Home Sales Tumble 16 Percent in November January 5, 2010, ABC News via Reuters Pending sales of previously owned U.S. homes fell more than expected in November because of the end of a rush to beat the initial expiration of a popular tax credit...
About one hour after hearing from Secretary Shaun Donovan of the U.S. Department of Housing and Urban Development, which has seen loan volume skyrocket over the past year to account for about 24 percent of the mortgage origination market, a small group...
Battling to reverse the nation’s foreclosure fiasco, President Barack Obama today announced a $75 billion foreclosure prevention plan aimed at helping an estimated 9 million homeowners avoid foreclosure. “The plan I’m announcing focuses...
Loan Modification Can Stop the Foreclosure Crisis Wall Street Journal January 30, 2009 This week the House Judiciary Committee approved legislation aimed at helping Americans keep their homes through bankruptcy. I introduced the Helping Families Save...
Battle lines are being drawn in New York’s real estate market, pitting Freddie Mac and Fannie Mae against subprime lenders in New York. Last week, New York Governor David A. Patterson signed into law a subprime lending reform bill (S.8143-A/A.10817...