Contents Pages by Subject

Housing

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AP

Sales of new homes rose last month to the highest level in more than a year as strong activity in the South offset weakness in the rest of the country. The Commerce Department said Wednesday that sales rose 6.2 percent to a seasonally adjusted annual

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Wall Steet Journal

The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery. Nearly 10.7 million households had negative equity in their homes in

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Visual Economics

The last three years have seen a significant drop in the cost of housing in the United States, bringing prices back down from once astronomical levels.

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AP

The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record. For the 3 months ended Sept. 30, 6.25% of U.S. mortgage loans were 60 or more d

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Washington Post

The Federal Housing Administration's cash reserves have shrunk far below what is required by law, and could need taxpayer funding if worst-case scenarios play out, according to an audit measuring the agency's financial soundness.

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McClatchy News

In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of tho

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AP

The Standard & Poor's/Case-Shiller home price index of 20 major cities climbed 1 percent from July to a seasonally adjusted reading of 144.5. While prices are down 11.4 percent from August a year ago, the annual declines have slowed since February.

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Reuters

In a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded. After five hours of calling out a drumbeat of "no bid" for properties listed in an auction book

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Reuters

A $29 billion trail from the Federal Reserve's bailout of Wall Street investment bank Bear Stearns ends in a partially deserted shopping center on a bleak spot on the south side of Oklahoma City. The Fed now owns the Crossroads Mall, a sprawling shop

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Reuters

The Obama administration launched a program to help the depressed U.S. housing market by effectively allowing state and local housing finance agencies to borrow from the U.S. Treasury. The initiative aims to restart a source of mortgage financing for

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Washington Post

Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center, attached to the wall, is a cardboard thermometer that shows them inching toward their goal of sign

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McClatchy News

Consumer advocates say a growing number of older homeowners and a new crop of eager lenders could steer the reverse mortgage industry down the same financial course that toppled the subprime mortgage market and left taxpayers footing the bill. In

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