Bernanke: Banks must get better at foreseeing risk Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles, Federal Reserve Chairman Ben Bernanke said Thursday. 2008-05-15
Senators reach deal on housing rescue: sources Key members of the U.S. Senate have reached a deal on a sweeping housing rescue plan in which Fannie Mae (FNM.N) and Freddie Mac (FRE.N) would backstop a government mortgage insurance fund, two industry sources said on Thursday. 2008-05-15
U.S. Sen Shelby-in touch with White House on housing The top Republican on the U.S. Senate Banking Committee on Thursday said he was working with the White House as he negotiated with Democrats on a housing bill, adding that the two sides were close to a deal. 2008-05-15
US foreclosure filings surge 65 percent in April More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values, a research company said Tuesday. 2008-05-14
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