Housing Starts

Today's housing headlines.

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The Washington Post: "Most leaders of the Federal Reserve viewed their decision to cut interest rates last month as a 'close call,' according to minutes of the meeting released yesterday, a document that made it clear that the Fed is probably done with rate cuts for the foreseeable future."

The Wall Street Journal: "Moody's Investors Service's problems in rating complex debt instruments known as CPDOs show the difficulty in assessing new, untested products with the same scale that conveys the financial strength of blue-chip companies or the U.S. government."

Associated Press, via Yahoo: "Rep. Laura Richardson has an unusual perspective on the housing foreclosure bills moving through Congress: One of her own homes was threatened with repossession after she failed to pay the mortgage."

Reuters, via Yahoo: "As U.S. banks mop up the mess from billions of dollars of bad home loans, buyers are finding the days of cheap money are over and, in many cases, tougher versions of old lending rules now apply."

Associated Press: "Prince William County supervisors have unanimously backed a plan to help county employees buy foreclosed homes."