AP - The new student loan law signed by President Bush on Thursday would provide roughly $20 billion for financial assistance to college students. A look at the benefits:
Yesterday the Federal Reserve cut its target for the overnight federal funds rate by half a percentage point. The 10-year Treasury has gone up 13 basis points since last Wednesday.
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DARTHMOUTH, Nova Scotia, September 27, 2007 — Building for Independence, a supportive housing facility for people with mental health disabilities, opened its doors today. Mr. Gerald Keddy, Member of Parliament for South Shore – St. Margaret’s, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development, participated with other dignitaries in a …
SASKATOON, British Columbia, September 28, 2007 — Twelve at-risk young women aged 18 – 23 will be living more independently and enjoying an enhanced quality of life, thanks to a new affordable rental housing project that officially opened today in Saskatoon. The project, consisting of two buildings called My Home III and IV, received funding from the federal, provincial and municipal …
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The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in August dipped 8.3 percent. Bob Walters, chief economist at Quicken Loans says the drop in home sales is not totally unexpected, given the recent turmoil affecting the mortgage industry.
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The Mortgage Bankers Association announced this morning that applications for mortgage loans decreased 2.8 percent last week when compared to the week prior.
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The National Association of Realtors announced today that total existing home sales - including singe-family, townhomes, condominiums and co-ops - decreased 4.3% in August when compared to the previous month’s sales.
BusinessWeek Online - Chairman (Barney) Frank (D-Mass.), Ranking Member (Spencer) Bachus (R-Ala.), and members of the Committee, I am pleased to appear before you to discuss the origins of the problems in the subprime-mortgage market and the response of the Federal Reserve to these developments. I will also discuss some possible legislative options for addressing these concerns.
In an effort to curtail rising foreclosure rates across the country the Federal Housing Administration (FHA) recently announced its FHASecure program.
WINNIPEG, Manitoba, September 21, 2007 — Aboriginal families with low incomes can soon expect a new home and affordable rent with the construction of ten single-family housing units in Winnipeg’s Centennial, St. John’s and West Alexander neighborhoods. The project received funding from the Winnipeg Housing and Homelessness Initiative (WHHI), a partnership between the …
OTTAWA, Ontario, September 21, 2007 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) announced today the appointment of E. Anne MacDonald to CMHC’s Board of Directors. A lawyer by profession, Mrs. MacDonald will sit on the board as the representative of the Atlantic …
KITAMAT, British Columbia, September 22, 2007 — Seniors in the North now have access to more housing and health options after today’s official opening of Delta King Place, a new $4.5-million, 15-unit assisted living development for seniors in Kitimat.
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