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The looming expiration of two major federal programs - the home-buyer tax-credit initiative and the Federal Reserve's $1.25 trillion mortgage-securities-purchase program - likely won't wipe out the recovery currently under way in the battered housing sector, but it could stall it, experts say.
Analysts expect a surge in home-buying activity in the coming weeks as Americans rush to take advantage of the tax-credit program before its April 30 contract deadline. (Under the program, a contract must be signed by April 30 and the home closed by June 30.) Expect lobbying efforts...
Under the new plan, unveiled Friday, March 26, banks will be asked to lower the principal loan balance for certain homeowners whose mortgages exceed the value of their homes. The loans would be refinanced as mortgages insured by the Federal Housing Administration (FHA), fully backed by the government. In the...
Harvard Law School’s Northwest Corner building project—which will significantly expand space available for both academic and student activities—is under budget and ahead of schedule, slated for completion in December 2011, Law School administrators said.
So how does one reconcile Shari'a law with the freewheeling demands of modern tourists? One answer, say tourist officials, is to emphasize faith rather than fundamentalism. Acehnese are famously devout - their province is often called the "Veranda of Mecca." Banda Aceh's tallest building is one of the minarets...