Report: Hurricane tax aid does more for wealthier survivors WASHINGTON A congressional report says tax breaks designed to help Hurricane Katrina victims get their hands on needed cash could do more for higher income survivors than for the neediest.read
Senators Move On Housing Relief Key legislators agreed on a $15 billion bipartisan plan to spur the housing market, showing how political momentum is shifting toward a more aggressive response to the struggling real-estate market.
Bank profits slide amid mortgage defaults (MSNBC) Surging mortgage defaults whacked U.S. banks and thrifts in the second quarter. Profits fell 3.4 percent to $36.7 billion, and reserves to cover loan losses soared 75 percent from a
Out with the old ... Construction is under way at the old St. Francis Hospital, where contractors from Greer Construction are working to turn the building into a modern police station for the Carlsbad Police
Real Estate Adviser: Selling one home buying another? There are some cases you might consider using the same agent. But not often, says Steve McLinden.read more...
What's Behind Fannie's Rapidly Accelerating Portfolio Shrinkage. Fannie Mae is certainly behaving like a motivated seller these days. Last month the government-sponsored enterprise shed a staggering $ 17.8 billion from its mortgage portfolio -- more than it
Rates on 30-year mortgages fell for a second consecutive week, but analysts still think the future direction will be up as the Federal Reserve keeps tightening credit to keep inflation under control. Mortgage giant Freddie Mac reported in its weekly survey that rates on 30-year, fixed-rate mortgages averaged 6.26 percent this week, down from 6.28…
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