Prices for single-family homes rose in 81 percent of the nation's cities as the property market extends a recovery from the worst crash since the 1930s.
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Sunday 26 September 2010
Wednesday 18 August 2010
Withdrawing federal government support for the US mortgage market could wreck the economy and leave US house prices moribund for years, a leading bond fund manager has warned the Obama administration.
Thursday 08 April 2010
Wednesday 07 April 2010
Saturday 14 November 2009
US Outlook The US is back on Bailout Red Alert, and this time round the federal government looks like it might have to pay to bail out – itself. No one should be surprised to learn that the Federal Housing Administration has found itself facing big losses, what with so many Americans failing to pay their mortgage. Republican politicians scent a scandal of Fannie Mae and Freddie Mac proportions, and are already making hay, but this is no time for the Obama administration to go defensive about its support for the US housing market.
Tuesday 27 October 2009
Friday 09 October 2009
The US government borrowed more than ever in peacetime last year – some $1.4 trillion, said the Congressional Budget Office yesterday. Proportionately, the deficit is one of the largest among the advanced nations – 9.9 per cent of GDP. Loss of tax revenues during the recession, the costs of supporting the jobless and the extraordinary scale of public support for the financial sector have all driven the deficit higher. However, the latest news on unemployment suggests a slightly brighter outlook.
Thursday 23 April 2009
Wednesday 10 December 2008
The chief executives of Fannie Mae and Freddie Mac, the collapsed mortgage finance giants at the centre of the US housing market, repeatedly ignored warnings that they were putting their companies at risk with exotic mortgage investments, a congressional hearing has been told.
<a href="http://s-foley.livejournal.com/468.html">Stephen Foley : Fannie and Freddie are useful alive, but the shares are dead money</a>
Tuesday 09 December 2008
The cameras had left and reporters had shut their notepads, but the most illuminating part of today's hearings into Fannie Mae and Freddie Mac happened after the main bout.
Friday 17 October 2008
- 1 Italian court annuls prison sentence for elderly paedophile after 11-year-old victim tells investigators in Catanzaro that she loves him
- 2 Australia incest case: Deformed children found in remote farming community after generations of inbreeding
- 3 Woman who miscarried in private prison 'made to clean up after herself,' court told
- 4 Physicists discover 'clearest evidence yet' that the Universe is a hologram
- 5 Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white