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Fannie Mae could lose $29 bln in housing bust: hedge firm  The worst of Fannie Mae's regulatory troubles may be behind it, but one longtime skeptic of the mortgage giant thinks it could face bigger problems from trouble in the U.S.


reform, not rescue  AS homeowners by the millions fall behind on their subprime mortgages, cries for a government bailout are starting to echo through Washington.Commentread more...


Home price increases seen slowing this year  U.S. house prices should increase about 5.8 percent this year, far below the double-digit appreciation posted in recent years, as mortgage rates rise and buying slows, a trade group said


Congress Launches Proposals In Wake of Subprime Mess  Possible bills in both the House and the Senate would expand homeowner protections to cover more high-cost loans, crack down on prepayment penalties and prohibit brokers from steering borrowers toward


Mortgages: U.S. mortgage rates drop near six-month lows (Market Watch)  CHICAGO (MarketWatch) -- Mortgage rates dropped to near six-month lows this week, driven down once again amid continued market concerns of weaker economic growth and further declines in the housing


Home builders bullish on valley  Sharon Simonson Regional builder SummerHill Homes expects to beef up development 50 percent a year in the next four years, expanding fromannual production of 280 houses today.read more...

May 19th, 2006

Habitat youth begin work on new house

Habitat for Humanity Youth United has raised the nearly $40,000 needed to build a home for Annamarie Paulus, enabling Habitat for Humanity to provide a no-profit, no-interest loan to the new homeowner.

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