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Home : Politics Information

Politics Information

National Association of Realtors
The neutrality and factual accuracy of this article are disputed. Please see the relevant discussion on the talk page . (March 2008) For real-estate brokers, commonly known as "realtors", see Real...
Proposition 12 benefits veterans and pays for itself
Proposition 12, a $900-million bond to continue the Cal-Vet home loan program for California veterans, is the only spending measure on the ballot that would pay for itself. All the rest would feed out of the chronically deficit-plagued general fund ...
Challenging the Crowd in Whispers, Not Shouts
A search of the Federal Reserve Board’s working paper series reveals a few papers that touch on the ... panel advises the president of the New York bank, who, in turn, is vice chairman of the Federal Open Market Committee, which sets interest rates.
Negative equity risk for 1.2 million homes
LONDON (Reuters) - Some 1.2 million households could fall into negative equity if the housing slump continues, the Bank of England said on Tuesday. In its twice-yearly Financial Stability Report, the bank said a 15 percent drop in prices from their ...
South Fork towns weigh tax hike to offset housing slump
As Southampton Town officials try to figure out their budget for 2009, it has become clear to them that - no matter what they do - the tax rate increase will be 5 percent. That's the self-imposed tax increase cap with which the town board has lived ...
JPMorgan to expand mortgage-modification program in bid to avoid ...
NEW YORK (AP) _ JPMorgan Chase & Co. said Friday it is expanding its program to modify mortgages in an effort to avoid foreclosures on up to $70 billion in loans. The enhanced program will include the opening of 24 regional counseling centers, the ...
Centex Corp. rises 19 percent
Centex Corp. rose 19 percent in New York trading a day after the fourth-largest U.S. homebuilder said it repaid debt and boosted cash in the latest quarter. Centex suspended its dividend payments to conserve cash position as the prolonged housing ...
Japan cuts rates
The Bank of Japan's move followed a cut in interest rates from the U.S. Federal Reserve earlier in the week and likely presaged the same from the European Central Bank and Bank of England next week. Policymakers have been struggling to find the right ...
6 states account for almost 60 percent of homeowners with mortgages ...
Here's a shocker: almost half of Nevada homeowners with a mortgage owe more to the bank than their homes are worth. Here's another: If you add in the homeowners like them in California , Arizona, Florida , Georgia and Michigan , together they account ...
UPDATE 1-FDIC's Bair says U.S. working on home loan program
WASHINGTON, Oct 23 (Reuters) - U.S. banking regulators are working closely with the Bush administration to create a loan guarantee program that would serve as an incentive for servicers to modify home loans, the chairman of the Federal Deposit ...
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