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Bernanke: Even worthy borrowers can't get mortgages

Ben Bernanke

Banks have become so restrictive in making mortgages that many worthy homebuyers are being frozen out of the U.S. housing market, and lending practices are not likely to loosen any time soon, Federal Reserve Chairman Ben Bernanke said on Thursday.

 

Buying a home? Don't focus on sale price alone

Prospective home buyers tend to focus on a single number: the listed sale price. It's why they're often blindsided by the array of costs that come with buying a home.

 

Survey shows spike in 1st-time homebuyers

Survey shows spike in 1st-time homebuyers

The U.S. housing market welcomed a bigger share of first-time buyers and single women this past year.

 

Obama to sign homebuyer, jobless bill assistance

Obama to sign homebuyer, jobless bill assistance

President Barack Obama is set to sign a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery....

 

Senate approves jobless, housing aid

Senate approves jobless, housing aid

The Senate vote unanimously on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling US economy.

 

Senate poised to adopt jobless, housing aid

Senate poised to adopt jobless, housing aid

The U.S. Senate was poised on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bill aimed at breathing life into the US economy.

 

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