Housing Mortgages Information

Fed’s Rosengren Says Housing Still Adding “Significant Uncertainty” to Economy

The sharpest drop in housing prices in 50 years poses a "significant" risk to the U.S. economy, but the Fed's rate cuts should be felt in the second half of the year, according to one Fed official on Friday.

Boston Fed President Eric Rosengren said the U.S. housing market is a small part of GDP but the slump, the effects of which are widespread, may last longer than anticipated.

Rosengren said it is important for servicers to help economic growth by making loan modifications where appropriate...