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WRAPUP 2-Factory data a new sign of slowing U.S. economic growth
Reuters* Factory activity slowest in six months in April * New orders weakest in six months on soft domestic demand * Central Atlantic region manufacturing contracts in April * New single-family home sales rise 1.5 percent in March By Lucia Mutikani...Tags: Economy, Business and Finance, Finance, Real Estate, Real Estate Sales, Washington, DC
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Foreclosure-relief funds earmarked for California mostly unspent
A federal foreclosure-prevention effort that earmarked nearly $2 billion in taxpayer money to help troubled California homeowners has delivered only about one-sixth of that money in three years. But officials from the Keep Your Home California program...
Tags: Economy, Business and Finance, Financial and Business Services, Finance, Banking, Federal Bailout Funds
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Freddie Mac sells $3.5 bln bills at lower rates
ReutersApril 22 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, on Monday said it sold $3.5 billion of reference bills at lower rates and mixed demand compared with the most recent sales of similar maturities and comparable amounts. Freddie Mac... -
Keep Your Home California relief still slow but picking up steam
A federal foreclosure-prevention effort that earmarked nearly $2 billion to help troubled California homeowners has delivered only about one-sixth of those funds during its three years in existence. The pace of assistance is finally accelerating,...Tags: Economy, Business and Finance, Financial and Business Services, Finance, Federal Bailout Funds, Fannie Mae
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Political kin, and politically dangerous
WASHINGTON -- The regulatory, administrative state, which progressives champion, is generally a servant of the strong, for two reasons. It responds to financially powerful and politically sophisticated factions. And it encourages rent-seekers to exploit...
Tags: U.S. Environmental Protection Agency, Economy, Business and Finance, Federal Communications Commission, Finance, Government
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Freddie Mac: Mortgage rates ease again; 30-year fixed at 3.41%
Mortgage rates sank this week toward record lows, with lenders offering 30-year fixed home loans to solid borrowers at an average 3.41%, down from 3.43% a week ago, Freddie Mac’s weekly report showed. It was the lowest rate the survey has recorded...
Tags: Economy, Business and Finance, Financial and Business Services, Finance, Consumers, Economic Indicator
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Mortgage rates drop again
Sun SentinelAverage interest rates on 30-year home loans fell to 3.41 percent this week, dropping below 3.5 percent for the second week in a row since January 24, Freddie Mac said Thursday. The average 30-year, fixed-rate mortgage first dropped to 3.43 percent last...Tags: Mortgages
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BofA's Countrywide In Record $500M Mortgage Settlement
Bank of America Corp. has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt. The settlement is the largest to resolve federal class-action litigation over...Tags: Securities, Economy, Business and Finance, Finance, Morgan Stanley Dean Witter & Company, Banking
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Column: Political kin and politically dangerous
WASHINGTON — The regulatory, administrative state, which progressives champion, is generally a servant of the strong, for two reasons. It responds to financially powerful and politically sophisticated factions. And it encourages rent-seekers to...Tags: U.S. Environmental Protection Agency, Economy, Business and Finance, Federal Communications Commission, Finance, Government
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Economist Zandi said to be candidate for key federal housing post
WASHINGTON -- Economist Mark Zandi reportedly is being considered by the Obama administration to head the federal agency that oversees taxpayer-owned Fannie Mae and Freddie Mac as the White House seeks a candidate who could avoid Republican opposition...
Tags: The Wall Street Journal, Republican Party, Economy, Business and Finance, Financial and Business Services, Finance
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FHA may need $943-million bailout
WASHINGTON — The Federal Housing Administration helped stabilize the real estate market after the subprime bubble and lay the groundwork for the recovery — and now the bill for taxpayers might be coming due. The Obama administration's...
Tags: Economy, Business and Finance, Financial and Business Services, Finance, Real Estate, Realty
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Refinance program for underwater borrowers extended two years
A popular government program enabling underwater borrowers who are current on their mortgages to refinance at lower rates will be extended for two more years. The Obama administration's Home Affordable Refinance Program had been scheduled to expire...Tags: Economy, Business and Finance, Finance, Politics, Interior Policy, Consumers
Apr 23, 2013
|Story| Reuters
Apr 22, 2013
|Story| Los Angeles Times
Apr 22, 2013
|Story| Reuters
Apr 22, 2013
|Story| Los Angeles Times
Apr 19, 2013
|Column| Orlando Sentinel
Apr 18, 2013
|Story| Los Angeles Times
Apr 18, 2013
|Story| South Florida Sun-Sentinel
Apr 17, 2013
|Story| Hartford Courant
Apr 17, 2013
|Story| Aberdeen News
Apr 15, 2013
|Story| Los Angeles Times
Apr 10, 2013
|Story| Los Angeles Times
Apr 11, 2013
|Story| Los Angeles Times
Original site for Freddie Mac topic gallery.