Housing Market Headlines

Poor Americans face tough choice: food or home: Harvard study

Millions of poor Americans face the hard decision to spend less on food and healthcare because the bulk of their paychecks go to keeping a roof over their head, a report from the Joint Center for Housing Studies of Harvard University released on Friday showed.

U.S. agency rolls out refinance program for homeowners

The regulator of Fannie Mae and Freddie Mac unveiled on Thursday a program aimed at homeowners who are paying their mortgages on time but whose loan-to-value (LTV) ratios are too high to qualify for traditional refinance programs.

Finmeccanica to restart testing of AW609 after crash

Italian defense group Leonardo Finmeccanica plans to restart testing of its prototype tilt rotor AW609 aircraft in the coming months following a crash that killed two of its pilots, its chief executive said on Monday.

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