February 29, 2008Investors who bought housing stocks at the beginning of the year after two and a half years of steep declines are being rewarded for their prescience.
As the Federal Reserve started cutting interest rates, the stocks of home builders Toll Brothers, Lennar, and Hovnanian rose 40 percent, 52 percent, and 96 percent respectively.
Some analysts believe these [...]
Posted in Real Estate, Things of Interest 
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February 29, 2008Six major lenders have agreed to allow seriously overdue home owners to suspend foreclosures for 30 days, giving them time to work out affordable loans.
The plan called Project Lifeline is being announced today by the Department of Housing and Urban Development.
Initially, the pilot program will involve Bank of America Corp., Citigroup Inc., Countrywide Financial Corp., [...]
Posted in Lending, Local Business, Real Estate No Comments »
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