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Geitner pushes for housing overhaul bill
In the remarks that US Treasury Secretary Tim Geitner intends to deliver to the House Financial Services Committee today, it is anticipated will address the views of the Obama administration on the future of Fannie Mae and Freddie Mac. Remarks he has delivered...
United States (Mar 1st, 11)
Housing Prices Slip across the Nation
According to the LA Times, there has been a 2.4 percent decrease on the S&P Case Schiller Index, the leading indicator for tracking changes in the value of US real estate. This marks the fifth straight month of declines in the housing market, prompting que...
United States (Feb 22nd, 11)
Obama's 'White Paper' and Reforming Housing Finance
The Obama administration came out on Friday afternoon with its highly anticipated ‘white paper’ proposing solutions to revamping the nation’s broken mortgage system. The plan entitled “Reforming America’s Housing Finance Market&rd...
United States (Feb 12th, 11)
Obama Housing Finance Plan Due Out by End of Week
According to Reuters, Federal Reserve Board Chairman Ben Bernanke’s comment on the housing market was that the only time the U.S. Government should back home loans is as a last resort in a time of severe economic stress. By the end of the week, President...
United States (Feb 9th, 11)
Is FHA too big to fail?
In the last year or two the concept of “too big to fail” has been applied to certain financial, manufacturing and quasi governmental firms. For example, Barney Frank said last week that he supports the Treasury Department position of supporting Fan...
Real Estate Market (Mar 18th, 10)