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Bernanke's speech to home builders WASHINGTON (Reuters) - Below is the text of Federal Reserve Chairman Ben Bernanke's speech to the 2012 National Association of Home builders International Builders' Show, Orlando, Florida: www.courant.com
HUD secretary pitches housing assistance program in Triangle A day after President Barack Obama proposed a vast expansion of government assistance to homeowners, his housing chief was in the Triangle to promote and explain the program. www.wral.com
Nevada Agrees to Take Foreclosure Deal Today's announcement that Nevada joined 48 other states in a $25 billion settlement with the nation's five largest residential mortgage services is certain to impact Nevadans but it could take as long as three years to find out just how many homeowners will be helped. www.8newsnow.com
Obama Vows to Cut Lender Red Tape Stymieing Homeowner Borrowing: Mortgages Anthony Andrade was forced to rent the San Antonio, Texas home he planned to buy after Bank of America Corp. (BAC) approved a mortgage and then scuttled three closings over two months with last-minute document requests. www.bloomberg.com
Real Estate & Mortgages Articles Purchasing a home is one of the biggest investments a person will ever make. See this section for information on mortgage loans, real estate pitfalls and ways to get in and out of the housing market. www.investopedia.com
ProPublica and NPR on Freddie Mac’s Conflicts Why haven’t Freddie Mac and Fannie Mae been much more aggressive about refinancing the mortgages they hold? That’s a $50 billion question. ProPublica and NPR have a $3.4 billion possible answer. www.cjr.org
Obama Vows to Cut Mortgage Red Tape With even the most creditworthy consumers facing costly paperwork to obtain homeowner loans, President Barack Obama will seek legislation clearing some barriers www.businessweek.com
Freddie Mac Betting Against Struggling Homeowners Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica. www.npr.org
Republicans' stance on housing recovery carries risks GAFFNEY, South Carolina (Reuters) - Republican presidential candidate Rick Santorum has a blunt message for voters such as Jim Shackleford who are trapped by falling housing prices: You're on your own. Santorum and other Republican candidates say the government should do little, if nothing, to ease the housing crisis that plunged the country into recession and continues to weigh on the recovery ... news.yahoo.com
One million homeowners may get mortgage writedowns: U.S. WASHINGTON (Reuters) - About one million American homeowners would get writedowns in the size of their mortgages under a proposed deal with banks over shady foreclosure practices, Housing and Urban Development Secretary Shaun Donovan said on Wednesday. The deal, which could be struck within weeks, would mark the largest cut in the mortgage load since the start of the credit crisis in 2007 and ... news.yahoo.com
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