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Worried about Fannie and Freddie, the White House says it will not veto housing rescue legislation, despite reservations about the bill.
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Politicians start wrangling over Treasury plan to shore up GSEs at a terrible time for builders.
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New mortgage lending rules will require lenders to verify income and assets and avoid misleading advertisements.
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At stake is builders' access to a segment of the first-time and first-time move-up home market of buyers that would otherwise not qualify for conventional mortgage financing.
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Worries about the GSEs' financial exposure and housing markets set off a frenzy of worry between Washington and Wall Street.
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Senators could vote this week on their version of bill.
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A number of senators say they support the net-operating loss carry-back provision.
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Faced with numerous foreclosures that create public safety hazards and drag down property values, cities and states say banks must take care of properties or face big fines.
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Proposed "visitability" ordinance could have major impact on home design and construction costs.
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Voters in California last week approved a ballot initiative amending the state's constitution to restrict the use of eminent domain to seize homes for purposes of private development rather than public works projects.
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Proposed legislation includes foreclosure prevention and reform for Fannie Mae and Freddie Mac.
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Orange County and a handful of cities will not collect fees until projects are completed.
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California Gov. Arnold Schwarzenegger last week called for homeowners to aid the state in preventing wildfires by following landscaping laws designed to keep such fires from spreading.
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The House's rescue package includes a $7,500 first-time home buyer tax credit and allows the FHA to insure $300 billion worth of refinanced home loans.
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If you didn’t have a chance to attend the Presidential Seminar in Aspen this year, here's an opportunity to catch up with what some of the country's foremost housing industry analysts are saying about the industry's outlook.
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Fannie Mae and Freddie Mac offer pricing and purchasing commitments to banks in effort to expand availability of bigger loans.
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Bush chooses Steve Preston, head of government’s Small Business Administration.
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Sobering report predicts 1 in 33 homeowners will be in foreclosure during the next two years.
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Senate Passes Housing Relief Bill
The U.S. Senate today passed by a wide margin a bill crafted to help stop the decline in the nation's housing markets, including $25 billion in tax breaks aimed at home builders and other businesses affected by the downturn.
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State’s first contractor licensing law goes into effect July 1.