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FALLS CHURCH, Va. - Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of government assistance to homeowners, aiming to make lower lending rates a possibility for millions of borrowers who have not been able to get out from under...
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KB Home (NYSE: KBH), one of the nation's premier homebuilders, today announced that Leslie Moonves will not be standing for re-election to the company's Board of Directors at the next Annual Meeting of Stockholders, to be held on April 12, 2012, and will retire from the Board effective as of...
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WASHINGTON - The Obama administration said Friday that will expand its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes.
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WASHINGTON - The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011.
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WASHINGTON - President Barack Obama said in his State of the Union speech that he wanted to help struggling homeowners refinance their mortgages.
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Jan. 25--Housing is one of Florida's most complex problems, a hurdle that has stymied the economic recovery, overwhelmed the state's judicial system, and besieged homeowners for five years.
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NEW YORK - If Chairman Ben Bernanke decides the economy needs more help from the Federal Reserve this year, he probably won't face as much resistance as he did last year.
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Jan. 24--David H. Stevens, president of the Mortgage Bankers Association, recently paraphrased Thomas Jefferson in assessing the housing market: It's "swimming with the current rather than standing like a rock," and what is needed now is "rock-like certainty."
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Unheard of during the boom, five-figure houses are now symbolic of the epic housing bust.
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Jan. 19--Rock-bottom interest rates and low home prices have created an increase in work for mortgage officers in Tampa Bay and around the country.
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Despite the long-standing belief that homeowners underwater on their mortgages are tethered to their properties, a new paper by economist Sam Schulhofer-Wohl shows the opposite may be true.
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Last year’s rate of filings was down 34% from 2010.
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The waiver for 90-day resales has been extended through 2012.
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The Massachusetts congressman has been an advocate of affordable housing and a vanguard in curbing the financial sector's excesses.
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The law will return the limit to $729,750 for two years.
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If approved by Congress, the agency would be allowed to back mortgages up to $729,750 through 2013.
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A Treasury official and U.S. Senator debate HAMP's effectiveness.
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The trade group and its allies face battle with forces opposed to expanding government support for the housing or mortgage sectors.
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Three of its loans are in danger of defaulting after Arizona regulators seized the company’s main subsidiary last week.
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Without traditional financing, new-home construction cannot begin to recover.