The nation's five largest mortgage lenders recently pledged to start writing down the principal on mortgages that are underwater. But mortgage giants Fannie Mae and Freddie Mac aren't part of the agreement and don't plan any big changes in the way they do loan modifications.
Federal Reserve Chairman Ben Bernanke acknowledged that the economy is improving on Wednesday, but he isn't convinced the recovery is self-sustaining. He reaffirmed the Fed's position that the economy will likely need super-low interest rates well into 2014.
A number of realtors took to Annapolis Tuesday to protest a bill that would reduce the mortage interest rate deduction for residents of the state, saying it would further stymie growth in the housing sector.
Industry analysts say oil prices rose ten dollars a gallon in February, driving up gas prices at the pump. Washington Post columnist Charles Lane argues that though gas prices have long been a political issue, gas prices are largely determined by global crude oil prices.
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