Housing bill contains property tax break for some Homeowners who do not itemize on their federal tax returns will get a new property tax deduction this year under legislation that gained final congressional approval in the U.S. Senate on Saturday.
Housing rescue bill heads to Bush for signature Congress passed a housing rescue bill Saturday aimed at sparing 400,000 struggling homeowners from foreclosure. President Bush is expected to sign the measure quickly.
Stocks end higher following economic readings Wall Street ended a volatile week with uneven gains Friday after better-than-expected economic data placated a market pummeled a day earlier by concerns about housing and the financial sector.
Summit Financial reports lower profit Summit Financial Group's second-quarter profit fell more than 16 percent as the two-state banking company set aside more money for bad loans.
US foreclosure filings more than double in 2Q The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday.
Timothy Carney: The Feds and Fannie: Making a beast that’s too big to fail Private profit and public risk” is how economists describe companies like Fannie Mae, where good times mean shareholder profits and executive bonuses upward of $50 million, but where bad times mean pain for taxpayers. It’s nice work if you can get it.
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For the economy, finally some news not half bad
