BusinessWeek Online - Federal agencies plan to push harder to modify mortgages for homeowners facing foreclosure. It’s an incremental step that both government officials and observers called helpful, yet it’s not enough to fundamentally alter the housing crisis. But the move announced Nov. 11 underscores pending changes in how government tackles not just the housing […]

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AP - Are you feeling low and lonesome, or really subprime? A band of guitar-playing construction workers say they want to rock their way through the recession and put smiles on the faces of British bankers.

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Trailer: Ty E. Woods, the Director of the Office of Rent Stabilization, was the special guest on this episode of the Longines Chronoscope. Nearly all big cities,…
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NYU Professor Lawrence White on the Future of Housing
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BusinessWeek Online - Treasury Secretary Henry Paulson announced a plan on Monday to encourage banks to issue a new form of debt known as a covered bond. Paulson said that if investors buy enough of these bonds, which are generally considered safer than many of the risky mortgage-backed securities that proliferated during the housing boom, […]

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CINCINNATI (Reuters) - Federal Reserve Board Governor Randall Kroszner said on Wednesday that the Fed would work with a national affordable housing group to help stabilize neighborhoods with high foreclosure rates.
Kroszner, in remarks to a training conference sponsored by NeighborWorks America in Cincinnati, did not address Fed monetary policy or the Fed’s broader outlook for […]

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In recent months, Americans have learned that their mortgage payments — kind of like their airline luggage — can go places they never would have imagined. A loan in, say, Sarasota, Fla., can be bundled with others and sold as a mortgage-backed security to an institutional investor in, say, Singapore.
This process helped generate a housing […]

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In these 10 spots, low inventory, new jobs and easier lending limits spell good times for sellers.
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