Fannie, Freddie ease terms for mortgage refinance (Reuters)
| Reuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.
Dollar slips vs euro, pound on mixed economic data (AP)
AP - The dollar was lower against most major currencies Wednesday on mixed economic reports that showed more stable manufacturing activity and a rise in pending home sales.
Home Sales Perk Up, but Expensive Houses Languish (Time.com)
Time.com - Home sales are improving lately, but it’s the small starter homes that sell, while big expensive houses go unloved
Gov’t foreclosure help will reach more homeowners (AP)
AP - The Obama administration is expanding a program to stave off foreclosure for borrowers who owe more than their homes are worth.
Freddie Mac gets another $6.1B from gov’t (AP)
AP - Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.