congress

New Jumbos Slow To Take Off; Can Better Rates Help Them Fly? (Investor's Business Daily via Yahoo! News)

Real estate in high-priced areas is finally becoming a little easier to buy or refinance, thanks to the jumbo conforming loan program approved by Congress in February.

Jumbo mortgage rates becoming affordable

Those new jumbo-conforming mortgages, created by Congress to make homes in high-priced areas more affordable, are finally getting cheaper.

Senate Talks Collapse On a Housing Bill

Hope dimmed yesterday that Congress would act quickly to rescue homeowners at risk of foreclosure after key Republican and Democratic negotiators in the Senate said they could not reach agreement on a plan.

Temporary lower capital gains rate is complex

Back in 2003, Congress lowered the capital gains rate for people in the two lowest federal tax brackets to zero - but only for 2008 through 2010.

Temporary lower capital gains rate is complex

Back in 2003, Congress lowered the capital gains rate for people in the two lowest federal tax brackets to zero - but only for 2008 through 2010.

Bernanke Urges Flexibility in Mortgage Regulation (NYTimes.com via Yahoo! Finance)

The Federal Reserve chairman urged Congress to give federal agencies “greater latitude” to take an innovative approach to dealing with the housing crisis.

Bernanke Urges Flexibility in Mortgage Regulation (NYTimes.com via Yahoo! Finance)

The Federal Reserve chairman urged Congress to give federal agencies “greater latitude” to take an innovative approach to dealing with the housing crisis.

Inaction on jumbo mortgages prompts lawmaker to call hearing

BOSTON (AP) - A key House lawmaker on Monday complained that the mortgage industry has done little over the past month to make higher-value loans available in costly housing markets after Congress took steps to try to infuse more cash into the so-called jumbo market.

Democrats plan breaking deficit discipline promise again

WASHINGTON -- Democrats are finding more excuses to ignore the promise they made when they took over Congress that they wouldn't pass laws increasing the budget deficit.

House to hold hearing on why jumbo loans still hard to get

BOSTON - A key House lawmaker today complained that the mortgage industry has done little over the past month to make higher-value loans available in costly housing markets after Congress took steps to try to infuse more cash into the so-called jumbo market.

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