Housing Market

Bernanke urges action to heal housing markets

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ORLANDO, Florida - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery.

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Bernanke urges action to heal U.S. housing markets

ORLANDO, Florida - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery.

10 Feb 2012

Housing a "significant headwind" to recovery: Fed's Pianalto

CLEVELAND, Ohio - The housing market is holding back the broader economic recovery now that foreclosures have become "a national crisis," a top Federal Reserve official said on Friday.

10 Feb 2012

U.S. banks agree to $25 billion in homeowner help

WASHINGTON - Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing market. | Video

Regulatory News, Money 10 Feb 2012

For America's hard-hit homeowners, little relief from settlement

NEW YORK - Crystal Morello's family pleaded for months with their lender for a cheaper mortgage on their family home in Belleville, Michigan. But time ran out last summer, and they left before they were evicted.

Money 10 Feb 2012

Mortgage applications jump on refi demand: MBA

NEW YORK - Applications for home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday.

08 Feb 2012

Need for more Fed bond buys a "close call": Williams

SAN RAMON, Calif - The U.S. central bank may yet need to buy more bonds to bolster the weak recovery, but better-than-expected jobs data makes it a "close call," a top Federal Reserve official said on Wednesday.

08 Feb 2012

Analysis: Banks largely reserved for U.S. mortgage pact cost

- As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.

07 Feb 2012

Two mortgage lawsuits vs Deutsche Bank dismissed

- Deutsche Bank AG on Tuesday won the dismissal of two lawsuits accusing it of misleading investors about the quality of risky residential mortgage-backed securities they bought.

07 Feb 2012

Housing regulator acted on "ideology": lawmakers

WASHINGTON - Two Democratic lawmakers on Wednesday accused the regulator of Fannie Mae and Freddie Mac from blocking the firms from reducing principal on the mortgages they back for reasons of "ideology."

Politics, 08 Feb 2012