Bernanke urges action to ease mounting home foreclosures
Federal Reserve Chair Ben Bernanke pressed banks and mortgage lenders to boost loan relief for distressed homeowners. He advocated principal reductions to restore equity and reduce delinquency, acknowledging lenders may resist and prices could fall further. Industry voices cite the dilemma as a tough business decision.
MENTIONED IN THIS ARTICLE
Washington, D.C
Ben Bernanke
Federal Reserve
Gage
Bemanke
Bill Stevens
Capital Bank
Greenwood, S.C
Inspectors in Iraq kept amid congressional pressure
Under pressure from lawmakers the State Department agreed to retain nine AID inspectors in Baghdad to monitor reconstruction and health aid in Iraq. The move preserves on ground oversight of billions in U S foreign assistance and stops proposed cuts or transfers to Jordan Egypt or Germany. House and Senate leaders urged keeping key development officials in place.
MENTIONED IN THIS ARTICLE
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D.C
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U.S. Agency For International Develop‘ment
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Norm Coleman
R-Minn
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House
Howard Berman
D-Calif
Foreign Affairs Committee
Condoleezza Rice
Berman
United States
U.S
Crocker
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