- Property services industry vital in preventing foreclosures: FAS
HousingWIRE - Justin T. Hilley - Field Asset Services expects things to get busier in 2012.
The Austin, Texas-based property services firm said protection and maintenance services during the pre-foreclosure process will increase.
- Senate clears $1.2 trillion debt ceiling raise
HousingWIRE - Jon Prior - The Senate voted 44-52 Thursday clearing President Obama to raise the debt ceiling by $1.2 trillion.
The ceiling will go to $16.4 trillion and, according to some estimates, may be breached again around the time of the November elections.
- Majority of Americans want gov't to help stop foreclosures
Gallup - Dennis Jacobe - The majority of Americans, 58%, prefer that the government act to prevent foreclosures, whereas 34% prefer the housing market resolve its problems on its own. A sharp partisan divide exists, with 76% of Democrats and 61% of independents favoring government action and 64% of Republicans opposing it.
- Mortgage rates rise on stronger housing reports
Wall Street Journal - Mia Lamar - Rates for fixed mortgages moved higher over the past week amid positive signals from the long-suffering U.S. housing market, according to Freddie Mac’s weekly survey of mortgage rates.
- Not again! Debt ceiling debate set to make a monstrous return
Yahoo Finance - Matt Nesto - You can pick almost any horror film and chances are, somewhere in it a character that was presumed dead makes a dramatic, surprise return looking to hurt anyone in its path. Even though being scared is exactly what we paid for, we still scream and squirm in our seats. Fun stuff if you're into that sort of thing.
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