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Buzz: Down payment assistant programs doing brisk business - Record SearchlightShasta County has run out of money. The city of Redding is scrambling to find more. Welcome to DAP circa 2008. DAP stands for down payment assistant program and with home prices plunging and mortgage rates low, interest in this aid is booming. Shasta ...
Geithner's experience shapes him for Treasury role - ReutersWASHINGTON (Reuters) - Timothy Geithner was on every short-list to take over the U.S. Treasury Department for the singular reason that he has been involved in virtually all major efforts to restore stability to shaky financial markets. Still a ...
Groups eye home-buying incentives - Boston HeraldThese might sound like pie-in-the-sky ideas, but some housing groups are asking the incoming Obama administration to make such hefty home-buying incentives a reality. The National Association of Home Builders wants the new administration to use tax ...
Housing industry seeks U.S. mortgage subsidies - San Francisco GateSunday, November 16, 2008 How about a mortgage at 2.99 percent fixed rate for 30 years for anyone who purchases a home before July 1? Or how about a nonrepayable federal tax credit of 10 percent of the home price up to $22,000? Would enticements like ...
Groups lobby for home-buying incentives in new president's stimulus ... - Los Angeles TimesHow about a mortgage at a 2.99% fixed rate for 30 years for anyone who buys a home before July 1? Or a nonrepayable federal tax credit of 10% of the home price up to $22,000? Would enticements like these be sufficient to shift you into buying mode ...
Houston housing gets a vote of confidence - Houston ChronicleHome sales have fallen for more than a year. Values have dipped. And buyer confidence has deteriorated. But at least one national economist thinks the Houston-area housing market will see price appreciation of as much as 10 percent in 2009. Going ...
Summers to Join Obama White House, Boosts Fed Chances (Update1) - BloombergNov. 21 (Bloomberg) -- Harvard University professor Lawrence Summers will join the Obama administration with a ready-made sales pitch for substantial economic stimulus and a chance that the role springboards him to the Federal Reserve. Summers, 53 ...
Geithner Is Said to Be Obama’s Pick for U.S. Treasury Secretary - BloombergNov. 22 (Bloomberg) -- President-elect Barack Obama picked Timothy Geithner , head of the Federal Reserve Bank of New York, to be his Treasury secretary, with Lawrence Summers getting a senior White House role, a Democratic aide said. Summers, former ...
Entries for November 2008 - US News and World Report"The team is expected to include New York Federal Reserve Bank President Timothy Geithner, who will be nominated as the next Treasury secretary, Mr. [Lawrence] Summers, and incoming budget director Peter Orszag. Jacob Lew, a former White House budget ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The Treasury Department this fall pitched a $700 billion proposal to buy illiquid mortgage assets, then faced heated opposition to get it ...
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