Housing

2:58am

Thu July 18, 2013
NPR Story

Congress Takes Renewed Aim At Fannie Mae, Freddie Mac

Originally published on Thu July 18, 2013 5:45 am

Transcript

RENEE MONTAGNE, HOST:

For the first time since the housing crash, lawmakers are getting serious about dismantling the mortgage giants Fannie Mae and Freddie Mac. They were rescued with $190 million bailout. Two prominent senators - a Democrat and a Republican - have a bill that's attracting some bipartisan support. A separate Republican bill is being introduced in the House today and a third may soon come from Democrats. NPR's Chris Arnold reports.

Read more

3:44pm

Wed July 17, 2013
Politics

Congress Debates Taking A Step Back From The Mortgage Market

Originally published on Wed July 17, 2013 5:11 pm

The government took over mortgage giants Fannie Mae (seen in 2010) and Freddie Mac in 2008, during the worst of the housing crisis.
Win McNamee Getty Images

The mortgage giants Fannie Mae and Freddie Mac got hit so hard by the housing crisis that they required a massive federal rescue. Now lawmakers are looking to scale back the two entities' role — and the government's — in the mortgage market.

The Senate Banking Committee is expected to vote Thursday on President Obama's nominee to head the agency that oversees Fannie and Freddie.

Read more

5:25am

Thu July 11, 2013

2:43pm

Thu July 4, 2013
Around the Nation

New Housing Project In Philadelphia Aims To Attract Teachers

Originally published on Thu July 4, 2013 7:58 pm

Transcript

AUDIE CORNISH, HOST:

It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.

Time spent among people who do the same kind of work can boost morale, sharpen creativity, just go to a conference or a retreat. So some people involved in education thought how about giving teachers a place where are a lot of them can live under one roof. They're trying that in Philadelphia.

Here's Elizabeth Fiedler of member station WHYY.

(SOUNDBITE OF MACHINERY)

Read more

2:30pm

Tue July 2, 2013
Your Money

As Mortgage Rates Rise, Homebuyers Face New Dilemma

Originally published on Tue July 2, 2013 6:12 pm

Mortgage interest rates have spiked recently, causing unease among potential homebuyers.
iStockphoto.com

A recent spike in mortgage rates has created a new predicament for potential homebuyers: Forge ahead and try to lock in now? Or hold off?

Dhruv Gupta was quoted a 3.5 percent rate in May while searching for a place to buy in the San Francisco area. Less than two months later, he's looking at 5.2 percent for the same loan. But this trend has not deterred Gupta.

"It's a fact of life," he says. "I mean I can't control them, so what do you do?"

Read more

Pages