Federal Reserve says housing market is improving

Friday, July 31st, 2009

While residential real estate remains weak overall, many local markets are showing signs of improvement, according to the Federal Reserve’s Commentary on Current Economic Conditions, also known as the Beige Book. Sales volume is up, especially in the Fed’s Minneapolis and San Francisco districts, and with the exception of the St. Louis district, sales declines […]

Fed moves to curb housing abuses

Monday, July 27th, 2009

The U.S. central bank recommends new rules to limit compensation for mortgage brokers and clarify risks for borrowers. July 23, 2009: 11:36 AM ET WASHINGTON (Reuters) — The Federal Reserve Board Thursday recommended new disclosure rules for homeowners and compensation guidelines for mortgage brokers to correct some abuses of the recent runaway housing market. Prospective […]