Housing

Consumer outlook up, worst may be over for housing - Miami Herald
NEW YORK Americans felt better about the economy in August, as a widely watched barometer of sentiment posted the biggest boost in two years amid falling gas prices. Meanwhile, two reports suggested that the worst may be over for the slumping housing ...

Former HUD Secretary Cisneros Cites Housing Decline as Unprecedented ... - Forbes
DENVER, Aug. 27 /PRNewswire-USNewswire/ -- Henry Cisneros, former secretary of the US Department of Housing and Urban Development (HUD), declared today that the housing industry is in a "truly dangerous place" and that significant steps must be taken ...

Leading article: Don't try to buck the housing market - The Independent
Anyone who has lived through previous ups and downs in the housing market will find nothing surprising about the pain that housebuilders such as Taylor Wimpey are feeling at the moment. Until this year, it was an unsustainable bubble. Construction ...

David Prosser's Outlook: The real victims of the housing market crisis ... - The Independent
His colleagues in the housebuilding industry won't thank him for his honesty, but Taylor Wimpey's chief executive, Pete Redfern, hit the nail on the head yesterday in admitting there is little the Government can do to fix the housing market. While ...

U.S. thrifts' loss second largest - Detroit News
WASHINGTON -- U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. Data from the U.S. Office of Thrift Supervision released Wednesday show federally-insured savings and ...

FOREX-Dollar slips against euro as oil, GSE worries weigh - Forbes
TOKYO, Aug 28 (Reuters) - The dollar slipped from a six-month high against the euro on Thursday after comments by European Central Bank officials the previous day scaled back speculation about an ECB rate cut. ECB Executive Board member Axel Weber ...

Analyst: Big 3 may lose $5.6B - Detroit News
High gasoline prices and the shift away from trucks and sport utility vehicles is hitting Detroit's automakers hard. In the United States, they may lose about $5.6 billion annually in earnings as consumers permanently shift to cars from more ...

Fannie's Mudd Shakes Up Management to Boost Investor Confidence - Bloomberg
Aug. 28 (Bloomberg) -- Fannie Mae Chief Executive Officer Daniel Mudd replaced three top deputies in an effort to restore investor confidence after record losses and a 90 percent drop in the shares. Chief Financial Officer Stephen Swad , 47, hired ...

Court's expert explains affordable housing rules - Tri-Town News
DAVE BENJAMIN Court master Philip Caton discusses New Jersey's affordable housing rules during a meeting of the Jackson Planning Board. JACKSON — An expert on New Jersey's affordable housing regulations presented information about the issue to the ...

Dollar slips against euro as oil, GSE worries weigh - Guardian Unlimited
TOKYO, Aug 28 (Reuters) - The dollar slipped from a six-month high against the euro on Thursday after comments by European Central Bank officials the previous day scaled back speculation about an ECB rate cut. ECB Executive Board member Axel Weber ...