Fannie Mae and Freddie Mac Gov’t support (Associated Press)

Fannie, Freddie prove too big for government to shirk The government’s Christmas Eve pledge of unlimited financial aid to mortgage giants Fannie Mae and Freddie Mac is to make sure the housing market doesn’t deteriorate further, but it will cost taxpayers much more. By ALAN ZIBEL The Associated Press PREV 1 of 2 NEXT AP… Read More

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Condo construction rules could challenge buyers (Seattle Times)

Condo construction rules could shut out buyers, hit builders The Federal Housing Administration has started limiting the number of buyers in condo buildings that can get loans insured by the agency. The rules also put restrictions on buildings with poor finances, too many delinquent owners and a high number of rentals. By ALAN ZIBEL and… Read More

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Mortgage rates still below 5% (Seattle Times)

Mortgage rates still below 5 percent Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday. The Associated Press McLEAN, Va. — Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday. The average fixed rate on 30-year mortgages was 4.81 percent, up from a… Read More

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1st flight for 787 could be Dec. 15th (Associated Press)

Boeing 787: 1st flight could come Dec. 15 Boeing Co. says the long-anticipated first flight of its new 787 jetliner could come as early as Tuesday. The Associated Press SEATTLE — Boeing Co. says the long-anticipated first flight of its new 787 jetliner could come as early as Tuesday. Boeing announced Thursday that its window… Read More

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BOA loan modifications reach 600,000 (Seattle Times)

Bank of America says 600,000 mortgages modified Bank of America Corp. said Monday it has provided mortgage relief through loan modifications for more than 600,000 homeowners since January 2008. The Associated Press CALABASAS, Calif. — Bank of America Corp. said Monday it has provided mortgage relief through loan modifications for more than 600,000 homeowners since… Read More

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