A pre-foreclosure sign is seen in front of a home in Miami. Supporters of a plan to reduce the principals owed by many homeowners facing foreclosure say it would prevent larger losses and keep people in their homes.
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In December, Freddie Mac CEO Charles Haldeman (from left), FHFA acting Director Edward DeMarco and Fannie Mae CEO Michael Williams testified on Capitol Hill about the Federal Housing Finance Agency's performance.
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A newly constructed home in Westport, Conn., in December. The past three years have been the worst for new housing starts since before record-keeping began, according to economists at IHS Global.
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According to the Standard & Poor's Case-Shiller Home Price Index released Tuesday, home prices were down 3.4 percent this year as of October — around a 35 percent drop from their peak.
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A counselor (right) talks with a man about training programs at a nonprofit training and job placement center in Menlo Park, Calif. Seventy percent of the long-term unemployed and underemployed would like the government to offer more job training services, an NPR/Kaiser Family Foundation poll found.