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Kansas City Federal Reserve Bank President Thomas Hoenig warned on Monday that landmark financial reforms may not end market perceptions that taxpayers will rescue the largest banks and cautioned against speculative investments in housing...more |
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With mortgage rates at record lows, there has never been a better time to refinance your mortgage. But with unemployment high, home prices low and lending standards back to more prudent levels, large numbers of homeowners can't qualify for a new loan and are locked into their existing ones...more |
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The costs of owning a home can substantially outweigh the benefits because of issues such minimal home equity retention and an owners desire to "flip" a home on the market quickly, researchers Wenli Li and Fang Yang said in their report American Dream or American Obsession? The Economic Benefits and Costs of Homeownership, published Friday by the Federal Reserve Bank of Philadelphia...more |
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Housing prices are finally stabilizing but the market remains fragile as foreclosure rates climb and serious delinquencies work through the pipeline, according to the Obama Administration's third monthly housing scorecard, which records housing activity through August...more |
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