Housing Rescue

Housing Rescue

• Freddie Mac Fights Back

  GSE challenges New York Times story that says CEO ignored warnings about bad loans.

• NAHB Hails Tax Credit as Significant Stimulus to Market

  Builders say a tax credit has worked before to correct a faltering housing market.

• Will Tax Credit Provide Enough Incentive to Buyers?

  Howard: The tax credit 'will get potential home buyers who have been sitting on the fence back in the game.'

• Builders Bid Reluctant Goodbye to Seller-Funded DPA

  Ledford: 'This will be an impact because it's grown to be such a large program.'

• Housing Bill’s $4 Billion Question

  McIlwain: Block grants for foreclosed properties ‘may stop the sickness from spreading but not necessarily cure the cancer.’

• President Bush Signs Housing Bill

  Legislation provides for greater GSE regulation, FHA changes, and more.

• Housing Bill Awaits President’s Signature

  Legislation passed by House, Senate last week, but impact remains to be seen.

• House Passes Rescue Package

  Worried about Fannie and Freddie, the White House says it will not veto housing rescue legislation, despite reservations about the bill.

• Experts: New Lending Rules Will Have Little Short-Term Impact on Builders

  Many lenders have already tightened standards because of the housing slump and rising foreclosures.

• Builder Sentiment Hits New Low in July

  NAHB renews call for first-time home buyer tax credit.

• Housing Bill Stalled Again?

  Politicians start wrangling over Treasury plan to shore up GSEs at a terrible time for builders.

• Fed Moves to Protect Borrowers

  New mortgage lending rules will require lenders to verify income and assets and avoid misleading advertisements.

• Down-Payment Assistance Debate Begins Again

  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.

• Government Bolsters Freddie, Fannie

  Treasury, Federal Reserve tell investors they will stand behind GSEs.

• Mortgage Lender IndyMac Shuts Doors

  Bank reopens today under federal management; customers withdrawing their funds.

• Fannie and Freddie at Risk?

  Worries about the GSEs' financial exposure and housing markets set off a frenzy of worry between Washington and Wall Street.

• Housing Rescue Legislation Moves Forward

  Senators could vote this week on their version of bill.

• Lobbyist for Big Builders Says Tax Carry-Back Not Dead

  A number of senators say they support the net-operating loss carry-back provision.

• Housing Rescue Bill Moves Forward

• Senators Reach Agreement on Housing Bill

  Proposed legislation includes foreclosure prevention and reform for Fannie Mae and Freddie Mac.