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White House drops opposition to housing bill
President Bush dropped his opposition Wednesday to legislation aiming to calm the chaotic housing market despite his objections to a $3.9 billion provision. ( Wed, 23 Jul 2008 18:09:16 GMT )
Paulson: Support for mortgage giants needed

 (CNBC)Treasury Secretary Henry Paulson said Tuesday that Congress needs to quickly approve a support package for Fannie Mae and Freddie Mac.


( Tue, 22 Jul 2008 21:56:19 GMT )
For commuters, economic woes pile up

Brian Mitchell, 43, and his wife Ronda, 39, walked away from their Platteville, Colo., home after fuel prices and a tough housing market made it unbearable for the family to keep up with rising debt. The weak housing market, high gas prices and an iffy job market are proving a dangerous mix for many Americans, especially those facing long commutes to work.


( Wed, 23 Jul 2008 11:44:36 GMT )
Credit crisis halting commercial construction
Large and small commercial developments nationwide have been delayed or scrapped as lenders tighten credit standards on construction loans. ( Tue, 22 Jul 2008 19:27:38 GMT )
The New Yorker: Sponsoring recklessness

When do the words “not guaranteed” actually mean “guaranteed”? Whenever the mortgage giants Fannie Mae and Freddie Mac are involved. Commentary from The New Yorker.


( Mon, 21 Jul 2008 16:05:06 GMT )
Freddie Mac CEO got $19.8 million in '07

Richard Syron, chairman and CEO of Freddie MacFreddie Mac CEO Richard Syron pocketed nearly $19.8 million in compensation last year, according to the SEC, even as the troubled mortgage company's stock lost half its value.


( Fri, 18 Jul 2008 22:43:33 GMT )
Freddie Mac moves toward stock sale
Freddie Mac took a step toward issuing common and preferred stock when the Securities and Exchange Commission accepted its registration statement filed earlier in the day ( Fri, 18 Jul 2008 17:57:47 GMT )
Little foreclosure relief seen from housing bill

If the housing bill wins final passage the most optimistic forecasts suggest it would help only about 400,000 of the estimated 3 million homeowners who will likely lose their homes in the next year.The housing  bill moving ahead in Congress will help relatively few of the estimated three million homeowners facing foreclosure over the next year.


( Thu, 17 Jul 2008 17:42:18 GMT )
Housing starts at slowest pace in 17 years
Construction of single-family homes fell in June to the slowest pace in 17 years although a change in New York laws helped give a big boost to apartment building. ( Thu, 17 Jul 2008 23:08:03 GMT )
 
 
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