Reuters - Plans for sweeping federal programs
that would aid troubled mortgage borrowers would bring unfair
relief to speculators and reward investors who made bad bets,
Treasury Secretary Henry Paulson said on Thursday.
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Entries from February 2008
Proposed mortgage aid would do harm: Paulson
February 29th, 2008 · Permalink
Subprime crisis and poverty hand-in-hand: study
February 29th, 2008 · Permalink
WASHINGTON (Reuters) - The impact of the housing crisis is landing hardest among the nation’s poorest home owners, a study by a public interest advocacy group has found.
Initial estimates by the government and private researchers showed that subprime-related loans were clustered heavily in a handful of states.
The new report from the Bread for the […]
Tags: economy · publications
House prices fall again in February (Reuters.co.uk)
February 29th, 2008 · Permalink
LONDON (Reuters) - House prices fell for a fourth month running in February to post the lowest annual rate of inflation in more than two years, the Nationwide Building Society said on Friday.
It said house prices fell 0.5 percent on the month in February after a downwardly revised 0.3 percent fall in January. Analysts polled […]
Tags: economy · global · gloom & doom
Freddie Mac loses billions amid housing slump
February 29th, 2008 · Permalink
AFP - US mortgage finance giant Freddie Mac reported Thursday heavy losses for the fourth quarter and 2007 and warned of higher credit losses amid a housing market slump.
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Tags: banking · economy · gloom & doom
Housing relief: It ain’t over ’til it’s over
February 29th, 2008 · Permalink
Senate Republicans this week thwarted efforts by their Democratic counterparts to vote on a housing stimulus bill that President Bush said would “bail out lenders and speculators.”
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Tags: economy · national · publications
Texas Economy, Housing Market and Globalization Institute Focus of Dallas Fed Report (PR Newswire via Yahoo! Finance)
February 29th, 2008 · Permalink
The latest issue of the Federal Reserve Bank of Dallas’ Southwest Economy features articles on the Texas economy, the Texas housing market and the Dallas Fed’s new Globalization Institute.
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Tags: Texas · economy · gloom & doom
Sellers Look for Spring Thaw in Housing Market (NPR)
February 29th, 2008 · Permalink
Spring is a critical season for those looking to sell their homes. Jonathan Clements, personal finance columnist at The Wall Street Journal, talks to Renee Montagne about whether spring will bring a thaw in the housing market.
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Fed officials: Housing crisis critical (CNN Money)
February 29th, 2008 · Permalink
NEW YORK (CNNMoney.com) — Two Federal Reserve officials said Friday that the housing market could damage the economy even more severely than it has already if measures are not taken to correct it.
In speeches at the U.S. Monetary Policy Forum in New York, Eric Rosengren, president of the Federal Reserve Bank of Boston, and Frederic […]
Tags: economy · gloom & doom · national
