Economist Patrick Newport of IHS Global Insight predicts housing starts of 966,000 this year, up from 781,000 in 2012. But he doesn’t expect a normal level of 1.5 million starts until 2015 because high mortgage debt and strict lending standards are still crimping growth.
Housing is key to full job recovery
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Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.