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- Post-Katrina progress might have slowed in South Mississippi, but rebuilding continues to be a driving force for the area's economy, says a report released by the Gulf Coast Business Council Research Foundation. The Mississippi Gulf Coast Regional ...
- As the US economy continues to crater, there's plenty of blame to go around. Apparently, way around. Over at Fox news, punditator Neil Cavuto claimed the current crisis could be put on financial institutions "lending to minorities and other risky ...
- Local real estate agents were faced with changes in September 1958. After the Federal Housing Administration turned down properties in Smith River, Hiouchi, and several places in town, the solution had to be building codes and zoning plans. The ...
- More details have emerged about an affordable housing conference Freeport Housing Authority commissioners attended in Martha’s Vineyard with their lawyer and the housing authority’s executive director two weeks ago. Leaving Chicago on Sept. 10 ...
- Lawmakers set to draft bailout bill. Congress inched toward approving the Treasury's $700B plan to rescue the U.S. financial system. President Bush called an emergency meeting for Thursday to hammer out details, after addressing the public Wednesday ...
- SUBJECT: RECENT TREASURY AND FEDERAL HOUSING FINANCE AGENCY ACTIONS REGARDING HOUSING GOVERNMENT SPONSORED AGENCIES CHAIRMAN: REP. BARNEY FRANK (D-MA) WITNESSES: FEDERAL HOUSING FINANCE AGENCY DIRECTOR JAMES LOCKHART III; HOUSING AND URBAN ...
- ·Or perhaps with gas prices at historic highs, you'd like to save money by moving closer to work, and reducing stress. If you've considered these questions or others, then you want to act fast. Right now, with already low prices, steady sales ...
- The unemployment rate now stands at 6.1%, the highest rate since September 2003. The unemployment rate is up 1.4% since last August, including an increase of 0.4% in the last month alone. The U.S. economy has lost jobs every month this year, a total ...
- August new-home sales nationwide fell 34.5 percent from 2007, even as builders battled to reduce unsold inventory to try to get the housing slump to hit bottom. The Department of Commerce said today that sales of single-family houses during August ...
- Given everything that’s going on in Washington, it’s not surprising that the new home sales number out today would be ugly. Sales in August were down 11% from the month before. But wait, that’s August. Yes, that was sales activity (contracts ...
- NATIONAL DEBT— The current amount of the U.S. national debt is shown on the National Debt Clock in New York Tuesday. A bailout of the faltering financial industry could boost the national debt to $11 trillion, according to economists. AP Photo ...
- Mortgage-backed security: These are bundles of mortgages sold as securities among financiers across the country and around the world. They were initially offered by the Federal National Mortgage Association (Fannie Mae), which was chartered by the ...
- WASHINGTON – One reason President Bush is having trouble selling his $700 billion rescue of the financial sector is the difficulty in understanding what Wall Street has been doing. Members of Congress from Texas and across the country are hearing ...
- Federal Dollars Tied To Foreclosures . “Sen. Jay Rockefeller has taken steps to make sure inaccurately low foreclosure statistics do not cost West Virginia millions in Medicaid and mortgage relief dollars… Rockefeller was reacting to a survey ...
- The Government National Mortgage Association, or Ginnie Mae, is reporting a record level of bond activity through August, filling the void left by other mortgage-backed security agencies hurt by the subprime mortgage crisis. Agency-guaranteed issues ...
- A Mason home in foreclosure is exactly 615 miles from New York's Wall Street. But for Mark Olivier, it's right next door and an example of risky loans, poor choices, and why now his family has to deal with a massive government bailout of firms he ...
- The FDIC, which insures bank deposits under $100,000, lacks the funds to do its job, Bloomberg News reported. Specifically, it has $45 billion and needs $200 billion. The additional $155 billion it needs may come from the Treasury (or an increase in ...
- Mortgage-backed security: These are bundles of mortgages sold as securities among financiers across the country and around the world. They were initially offered by the Federal National Mortgage Association (Fannie Mae), which was chartered by the ...
- The FDIC, which insures bank deposits under $100,000, lacks the funds to do its job, Bloomberg News reported. Specifically, it has $45 billion and needs $200 billion. The additional $155 billion it needs may come from the Treasury (or an increase in ...
- Sales and prices of existing homes in the South fared better than those nationwide in August, the latest data shows. The National Association of Realtors said Wednesday total sales in the U.S. declined 2.2 percent in August from July. But existing ...
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