International Business News - Housing http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac. http://www.ibtimes.com/data/articleimgs/96859-congress-housing.jpg http://www.ibtimes.com/articles/20080724/house-oks-rescue-for-homeowners-freddie-fannie.htm http://www.ibtimes.com/articles/20080724/house-oks-rescue-for-homeowners-freddie-fannie.htm Thu, 24 Jul 2008 02:20:16 EDT Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market. http://www.ibtimes.com/data/articleimgs/96807-congress-housing.jpg http://www.ibtimes.com/articles/20080724/housing-bill-wont-solve-markets-problems.htm http://www.ibtimes.com/articles/20080724/housing-bill-wont-solve-markets-problems.htm Thu, 24 Jul 2008 02:03:08 EDT The 272-152 roll call Wednesday by which the House passed a bill that aims to help homeowners facing foreclosure and to prevent mortgage giants Fannie Mae and Freddie Mac from collapsing. http://www.ibtimes.com/articles/20080723/how-they-voted-house-roll-call-on-housing-bill.htm Wed, 23 Jul 2008 18:04:54 EDT Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market. http://www.ibtimes.com/articles/20080723/housing-bill-wont-solve-markets-problems.htm Wed, 23 Jul 2008 23:00:28 EDT The housing bill Congress is preparing to send President Bush would: _Give the Federal Housing Administration $300 billion in new lending authority and relax standards to provide affordable, fixed-rate mortgages to debt-ridden homeowners. Any losses would be covered by an affordable housing fund financed by Fannie Mae and Freddie Mac, the government-sponsored companies that finance mortgages. http://www.ibtimes.com/articles/20080723/a-look-at-key-parts-of-congressional-housing-bill.htm Wed, 23 Jul 2008 15:34:21 EDT Treasury Secretary Henry Paulson said Wednesday that agreement on a sweeping housing rescue bill will send a strong message to investors around the world and will be key to helping the nation turn the corner on the housing crisis. http://www.ibtimes.com/articles/20080723/treasury-secretary-praises-agreement-on-housing.htm Wed, 23 Jul 2008 16:07:08 EDT Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac. http://www.ibtimes.com/data/articleimgs/96374-foreclosures.jpg http://www.ibtimes.com/articles/20080723/house-vote-wednesday-foreclosure-rescue.htm http://www.ibtimes.com/articles/20080723/house-vote-wednesday-foreclosure-rescue.htm Wed, 23 Jul 2008 22:23:55 EDT A year overdue, the Federal Emergency Management Agency issued a draft disaster housing strategy Monday, which leaves it largely up to the next administration to figure out a way to avoid Hurricane Katrina-like problems that sent victims to toxic trailers. http://www.ibtimes.com/articles/20080721/fema-delivers-incomplete-disaster-housing-strategy.htm Mon, 21 Jul 2008 18:14:11 EDT Odd alliances are at work as President Bush and congressional Democrats band together to save Fannie Mae and Freddie Mac. The push to reassure markets that the mortgage giants are financially healthy has thrust Republicans--who have never liked the idea of government-sponsored mortgage companies--into the arms of Democrats, who have long championed Fannie's and Freddie's mission of helping low- and middle-income Americans buy homes. http://www.ibtimes.com/data/articleimgs/95063-bernanke-us-economy.jpg http://www.ibtimes.com/articles/20080721/reality-trumps-ideology-in-fannie-freddie-rescue.htm http://www.ibtimes.com/articles/20080721/reality-trumps-ideology-in-fannie-freddie-rescue.htm Mon, 21 Jul 2008 03:36:37 EDT Civil rights groups alleged in a federal lawsuit that Antioch, Calif., police have created a special unit to harass the rising number of black renters there who receive federal housing assistance. http://www.ibtimes.com/articles/20080717/bay-area-suburb-accused-of-harassing-black-renters.htm Thu, 17 Jul 2008 11:47:56 EDT The rapid rise in China's housing costs slowed slightly in June but prices still climbed by 8.2 percent over the same time last year, the government reported Thursday. http://www.ibtimes.com/articles/20080717/china-housing-inflation-eases-to-8-2-pct.htm Thu, 17 Jul 2008 09:51:28 EDT A government report on new home construction and building permit applications for June is forecast to show declines as builders scrapped development plans amid the ongoing housing slump. http://www.ibtimes.com/articles/20080717/ahead-of-the-bell-housing-starts.htm Thu, 17 Jul 2008 05:52:15 EDT Congress is pressing to complete a broad housing rescue package that includes a mortgage aid program for strapped homeowners, modernizes the Federal Housing Administration and creates a new regulator and tighter controls over government-sponsored mortgage giants Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080715/key-developments-on-housing-mortgage-rescue-plan.htm Tue, 15 Jul 2008 16:49:56 EDT Doug Gylfe still can't afford to buy a home in Torrance, Calif., despite a 23 percent drop in prices. And Congress isn't helping. That's the dilemma this week for the nation's lawmakers and millions of Americans who are priced out of homeownership: any rescue policy to stem foreclosures could artificially prop up home prices and perpetuate the affordability crisis in many major cities coast to coast. http://www.ibtimes.com/data/articleimgs/91762-housing-affordability.jpg http://www.ibtimes.com/articles/20080715/many-likely-to-remain-priced-out-of-housing-market.htm http://www.ibtimes.com/articles/20080715/many-likely-to-remain-priced-out-of-housing-market.htm Tue, 15 Jul 2008 16:50:27 EDT House Democrats, moving to accomplish a top priority in exchange for quick approval of the Bush administration's urgent rescue plan for Fannie Mae and Freddie Mac, intend to tie it to $3.9 billion in grants for neighborhoods hit hardest by foreclosures. http://www.ibtimes.com/data/articleimgs/91947-bush.jpg http://www.ibtimes.com/articles/20080715/housing-rescue-on-fast-track-in-congress.htm http://www.ibtimes.com/articles/20080715/housing-rescue-on-fast-track-in-congress.htm Tue, 15 Jul 2008 19:18:06 EDT Housing Secretary Steve Preston said that a newly expanded federal mortgage program would help thousands of struggling borrowers get safer, more affordable loans. http://www.ibtimes.com/articles/20080715/hud-secretary-details-new-mortgage-assistance.htm Tue, 15 Jul 2008 11:34:20 EDT A foreclosure aid plan that was facing a sluggish trip through Congress has a powerful new engine behind it: the Bush administration's urgent request to rescue mortgage giants Fannie Mae and Freddie Mac. http://www.ibtimes.com/data/articleimgs/91300-financial-overhaul.jpg http://www.ibtimes.com/articles/20080714/fannie-freddie-rescue-pushes-housing-aid.htm http://www.ibtimes.com/articles/20080714/fannie-freddie-rescue-pushes-housing-aid.htm Mon, 14 Jul 2008 18:53:16 EDT A mortgage rescue to help hundreds of thousands of struggling homeowners avoid foreclosure and get more affordable, safer loans passed the Senate overwhelmingly Friday, but it faces a bumpy road amid continuing turmoil in the housing market. http://www.ibtimes.com/data/articleimgs/89939-fannie-mae-freddie-mac.jpg http://www.ibtimes.com/articles/20080712/senate-passes-mortgage-rescue-plan.htm http://www.ibtimes.com/articles/20080712/senate-passes-mortgage-rescue-plan.htm Sat, 12 Jul 2008 01:24:20 EDT The foreclosure rescue moving through Congress would let financially strapped homeowners who would normally be considered too debt-ridden to qualify for safe, government-insured mortgages refinance their home loans through the Federal Housing Administration to get more affordable loans with lower monthly payments. http://www.ibtimes.com/articles/20080711/benefits-of-foreclosure-rescue.htm Fri, 11 Jul 2008 17:12:00 EDT The foreclosure rescue moving through Congress would let financially strapped homeowners who would normally be considered too debt-ridden to qualify for safe, government-insured mortgages refinance their home loans through the Federal Housing Administration to get more affordable loans with lower monthly payments. http://www.ibtimes.com/articles/20080711/benefits-of-foreclosure-rescue.htm Fri, 11 Jul 2008 16:16:23 EDT