Word: ende
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...While the new programs should assist the most troubled end of the real estate market, they will not come close to replacing the huge intervention by the Federal Reserve in the mortgage-securities market, which helped keep mortgage rates enticingly low. (See 10 perfect jobs for the recession - and after...
...additional 2.2 million to 2.4 million will take advantage of it this year, according to Lawrence Yun, chief economist with the National Association of Realtors. Approximately 800,000 of the transactions have involved home purchases that would not have been made without the credit, Yun estimates. (See high-end homes that won't sell...
...deep hole to climb out of. Since the housing peak in July 2006, home prices have plunged 30% on average, with certain bubble markets such as Phoenix, Las Vegas and parts of Florida seeing prices plummet more than 60%. Losses from the housing meltdown totaled $7 trillion at the end of 2009, according...
...mortgages insured by the Federal Housing Administration (FHA), fully backed by the government. In the past, loan modifications under the $50 billion federal Home Modification Program (HAMP) involved primarily reducing interest rates or lengthening the term of the mortgage, and most did not entail a government guarantee. (See high-end homes that won't sell...
Reminiscing about his undergraduate years, Douthat recalled an annual conference of conservatives at Harvard and Yale composed of “an ecclectic group of Reaganite Republicans, Catholics lamenting the end of the reign of the House of Stuart, and liberal anarchists...