Industry Summits
Bush administration seeks private sector fix for housing
WASHINGTON (Reuters) - The Bush administration is cool to the idea of a government bailout for U.S. homeowners facing foreclosure, at least until it is clear whether the private-sector initiatives it champions can work. Full Article | Video
Gradual home price drop good: Yale's Shiller
NEW YORK (Reuters) - Robert Shiller, Yale finance professor and author of the highly touted "Irrational Exuberance" book on asset bubbles, said gradually falling home prices are nothing to fear. Full Article
Related CEO says economy likely to worsen
NEW YORK (Reuters) - The chief executive of real estate development powerhouse, the Related Cos, thinks the U.S. economy is already in a recession and is going to get worse. Full Article
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Freddie Mac boosts fees again
NEW YORK (Reuters) - Freddie Mac , the second-largest provider of financing for U.S. residential mortgages, will add fees on riskier mortgages for a third time to cushion itself from the housing slump, Chief Executive Richard Syron said on Thursday. Full Article
Give back capital for big loans: Freddie Mac
NEW YORK (Reuters) - Freddie Mac wants its regulator to hand back over $1 billion in reserve capital so the mortgage finance company can buy larger home loans, the company's chief said on Thursday. Full Article
Hovnanian: U.S. housing bottom at year end
NEW YORK (Reuters) - Hovnanian Enterprises Inc's chief executive said on Thursday he sees a challenging U.S. housing market for the next two years, but weak demand should bottom out at the end of this year. Full Article
No housing bottom until '10: CP Morgan
NEW YORK (Reuters) - The chief executive of one of the largest privately owned U.S. home builders said on Thursday he doesn't see the struggling U.S. housing market's weak demand hitting a bottom until the middle of 2010. Full Article
Resetting risk gauge to take time: Treasury's Steel
WASHINGTON (Reuters) - Years of misjudgment on the risks of complex new financial instruments and how they are interconnected lie at the heart of the global credit crunch, a senior Treasury official said on Thursday. Full Article
Lending laws unenforced in housing crisis: Jackson
NEW YORK (Reuters) - A U.S. mortgage meltdown has its roots in lending discrimination against African-American and Hispanic communities and requires federal intervention to prevent it from crippling municipal services, civil rights activist Rev. Jesse Jackson said on Wednesday. Full Article
Treasury studying home refinance plan
WASHINGTON (Reuters) - The U.S. Treasury Department is studying a proposal aimed at prodding servicers to help homeowners facing foreclosure to refinance their mortgages, the department's undersecretary, Bob Steel, said on Thursday. Full Article
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