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The Home Affordable Refinance Program (HARP), originally scheduled to end in June, will be extended at least one more year, the Federal Housing Finance Agency has announced.
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Home Affordable Refinance Program Extended
Unemployed homeowners would get reduced mortgage payments for up to nine months to help them stay in their homes, under a new proposal from the Mortgage Bankers Association (MBA).
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MBA Proposes Mortgage Help for Unemployed Homeowners
OTTAWA, Ontario, February 16, 2010 — The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada’s housing market and continue to encourage home ownership for Canadians.
“Canada’s housing market is healthy, stable and supported by our country’s solid economic fundamentals,” said Minister Flaherty. “However, a …
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Government of Canada Takes Action to Strengthen Housing Financing
U.S. Bancorp said it completed the acquisition of some of BB&T Corp.’s Nevada banking operations. Great Western Bank in Sioux Falls, S.D., has agreed to acquire F&M Bank of Iowa. During the past month, the Federal Reserve Board received two dozen applications to acquire financial institutions.
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Bank M&A Ledger
LONDON, Ontario, January 20, 2010 — Ed Holder, Member of Parliament for London West, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), today announced mortgage loan insurance policies to facilitate the financing of student housing in Canada.
“Our government is …
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Government of Canada Helps Expand Financing for Student Housing
The Monthly Treasury Average declined 1 basis point from November to December based on government data. It was the lowest level ever for the index. Based on recent one-year activity, the MTA might creep higher this month, then retreat to new record lows during the following few months before turning higher.
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More Record Lows Ahead for MTA
Personal incomes and spending fell in September, even as a rise in the gross domestic product has economists declaring that the recession has ended.
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[News] Personal Spending Falls Even as GDP Rises
U.S. home prices rose for the fourth consecutive month in August, according to the monthly Standard & Poors/Case Shiller Index, although rising unemployment and the pending expiration of the first-time homebuyer’s tax credit raise doubts about whether the trend can be sustained.
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[News] Case-Shiller: Home Prices Rising
A government program designed to help at-risk homeowners refinance their mortgages is struggling, even as conventional mortgage refinances have surged in response to historically low interest rates.
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[News] Government Mortgage Refinance Program Struggling
PRINCE GEORGE, British Columbia, October 16, 2009 — Friendship Lodge, an $8.1-million, 30-unit apartment building,
officially opened today to provide housing and support services for
adults who are homeless or at risk of homelessness with mental
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Government of Canada and Province of British Columbia Open a Housing Project for the Homeless in Prince George