Posts with tag housing slump

After decades of serving as the backbone of the U.S. housing market, Fannie Mae and Freddie Mac are buckling under the weight of the protracted housing slump. As a result, the two government-controlled mortgage lenders are losing political support in Washington at a time when they require even more economic stimulus. After... Continue Reading »

We had a few months of good news for the housing markets, as homebuyers rushed to take advantage of the $8,000 federal homebuyer tax credit. But leading indicators for the housing market -- from the number of mortgage applications, to housing start, to builder confidence -- have tanked since the homebuyer tax credit hit... Continue Reading »