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Housing Starts in U.S. Climb 8.9% to 574,000 Pace December 16, 2009, Bloomberg Builders in November broke ground on more U.S. homes, a sign the recovery in homebuilding may carry through into 2010. Housing starts rose 8.9 percent to an annual rate of...
Demand for U.S. Foreclosure Properties Slips: Survey December 15, 2009, Reuters U.S. home buyers are less willing to buy foreclosed properties than six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded...
U.S., Lenders Seek Ways to Head Off New Mortgage-Default Wave October 7, 2009, Wall Street Journal Lenders and government officials are searching for ways to head off a wave of defaults on pay-option adjustable-rate mortgages, which are threatening to...
A Look Ahead To the Great Resetting October 3, 2009, Washington Post Millions of adjustable-rate mortgages are going to reset in the coming years, possibly to higher interest rates, creating the prospect of a new round of foreclosures. About 10 percent...
Real Estate Slump Isn't Over, Exec Says September 18, 2009, San Diego Union-Tribune Federal Reserve Chairman Ben Bernanke may think the recession is over, but the head of the nation's largest real estate services firm says the slump has two or...
New-Home Sales Post Another Strong Gain August 26, 2009, Wall Street Journal New-home sales climbed more than anticipated in July, staging their fourth straight month of strong gains to add to evidence that the housing market is emerging from its long...
Mortgage Delinquency Rate Hits All Time High in 2Q Associated Press The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning...
Few Qualified Delinquent Borrowers Getting Federal Help Washington Post Less than 10 percent of delinquent borrowers eligible for the Obama administration's $75 billion foreclosure prevention program have received help so far, according to Treasury...
Government Must Find a Way to Save Homes Miami Herald (Editorial) The Great Recession, as the economic crisis has been dubbed, started with a housing bust. Today, the housing failure is still driving the economy down, with the unstoppable foreclosure...
From Treasury to Banks, an Ultimatum on Mortgage Relief New York Times Remember that infamous meeting last October at the Treasury Department, the one where then-Secretary Henry Paulson locked the chief executives of the nation’s nine largest financial...
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