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States may tap mortgage money to fill budget gaps (AP) 2/22/2012 3:23 PM
AP - The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities.
Past foreclosure means waiting years for new loan (AP) 2/22/2012 1:26 PM
AP - Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure.
Rising sales point to better year for housing (AP) 2/22/2012 12:36 PM

A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)AP - The housing market is flashing signs of health ahead of the spring-buying season.


Home resales at 1-1/2 year-high, supply falls (Reuters) 2/22/2012 3:27 PM

A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)Reuters - Home resales rose to a 1-1/2-year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.


U.S. mortgage applications sagged last week: MBA (Reuters) 2/22/2012 6:03 AM
Reuters - Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.
Fannie, Freddie need to tighten legal expenses: regulator (Reuters) 2/21/2012 11:32 PM
Reuters - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.
Watchdog: Limit Fannie, Freddie legal fees more (AP) 2/21/2012 11:08 PM
AP - The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.
Regulator outlines new plan for Fannie, Freddie (Reuters) 2/21/2012 1:46 PM

A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)Reuters - The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.


Gov't seeks smaller role for Fannie, Freddie (AP) 2/21/2012 12:17 PM
AP - The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants' role in the housing market.
Fed's housing blueprint is lost in din of politics (Reuters) 2/21/2012 7:30 AM

U.S. Federal Reserve Chairman Ben Bernanke testifies before a Senate Budget Committee hearing on the outlook for the U.S. Monetary and Fiscal Policy on Capitol Hill in Washington, in this February 7, 2012 file photograph. Federal Reserve officials' exploration of a different way to shore up the economic recovery has put itself in the sights of Republicans angry at what they saw as election-year meddling, an intrusion on Congress' turf and a veiled attempt to further the Obama administration's agenda. REUTERS/Jason Reed/FilesReuters - In mid-2011, with the U.S. economy at risk of a new recession, top Federal Reserve officials began to explore a different way to shore up the recovery: looking for fixes for the battered housing market.


 



 


 

 
 



 
 

 

 

 


 
 


 


1910 Smith St, North Providence, RI 02911
     (800) 801-2052 - Toll Free - (401) 437-8988 - Office - (401) 437-8989 -Fax 
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