Momentum Grows for Extending Homebuyer Credit But Other Mortgage Industry Concerns Remain
October 22, 2009
Industry groups are trying to drum up support to extend the first-time homebuyer tax credit that officials say has helped shore up the precarious purchase-mortgage market. Sen. Chris Dodd, D-CT, chairman of the Senate Banking, Housing and Urban Affairs Committee, this week made a big public push to extend the credit beyond its current Nov. 30, 2009, expiration date and expand...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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