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WASHINGTON - Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.
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CHARLOTTE, N.C. - Bank of America Corp. on Thursday reiterated that the current credit environment will remain difficult into next year, as unemployment is likely to continue to rise.
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LOS ANGELES - The housing bust left homebuilders with plenty of red ink on their books as they walked away from swaths of land they no longer needed.
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WASHINGTON - Congress took further steps to right the staggering economy by expanding a popular tax credit for homebuyers and extending unemployment checks for the growing legions of people running out of benefits with few job prospects.
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WASHINGTON - Buying a home is about to get cheaper for a whole new crop of homebuyers - $6,500 cheaper.
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WASHINGTON - Recognizing that a weak economy still needs a government boost, the Senate voted overwhelmingly Wednesday to provide the jobless with up to 20 weeks in additional unemployment benefits and expand a first-time homebuyer tax credit to include a far larger pool of people entering the...
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Nov. 5--The former part-owner of one of Northeast Florida's biggest home builders has been indicted in a sweeping federal investigation of mortgage fraud.
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NEW YORK - Stock futures are indicating a higher opening Wednesday on Wall Street as investors await the Federal Reserve's latest assessment of the economy.
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Nov. 4--North Carolina homeowners would be able to forestall foreclosure by asking their mortgage servicer for assistance if proposed rules from a state regulatory agency are approved.
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Nov. 3--NEW YORK -- Inside the thick Goldman Sachs investment circular were the details of a secret, $2 billion deal channeled through a Caribbean tax haven.
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Nov. 3--The phones are ringing.
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RED BANK, N.J. - Homebuilder Hovnanian Enterprises Inc. on Wednesday said its board gave President and CEO Ara K. Hovnanian the additional title of chairman.
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WASHINGTON - The volume of signed contracts to buy previously occupied homes rose for the eighth straight month in September as buyers scrambled to take advantage of a tax credit for first-time owners that expires at the end of this month.
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WASHINGTON - Construction spending in September posted a better-than-expected performance, powered by the largest jump in housing construction in more than six years.
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The economic recovery is proceeding unevenly in its early stages, with areas hurt most by the housing slump still lagging behind other regions, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties.
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Nov. 2--A Michigan developer broke ground last week on a $25 million, 175-unit apartment complex that fills the last hole in the city's historic Mill District near the Mississippi River.
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Oct. 30--In 2005, the city of Lockport issued 406 building permits.
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Oct. 29--BLOOMINGTON -- Brock Westbrook was about ready to give up on finding his first home last fall, frustrated after not finding the perfect fit and not too eager about being financially strapped afterward.
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NEW YORK - Home prices rose for the third straight month in August, data Tuesday showed, a key sign for a broad and sustained housing recovery.
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Oct. 26--WIND and rain blew through the shell of a house on Monmouth Street.