| May 8, 2012 5:00PM Secretary of Housing and Urban Development Shawn Donovan testified before a hearing of the Senate Committee on Banking, Housing, and Urban Affairs on the current implementation and efficacy of HARP 2.0 and on several bills that have been introduced to expand it or remedy some of its flaws. This is a summary of the transcript of that hearing and will be covered in two parts. Committee Chairman Tim Johnson (D-SD) opened the hearing by saying that, despite changes made to the HARP program last year... May 8, 2012 10:28AM House prices reflected in CoreLogic's March Home Price Index which was released today increased on a month-over-month basis for the first time in nearly a year. The Index which measures home prices including sales of distressed properties increased by 0.6 percent from February, the first such increase since July 2011. The Index, however, was down the by the identical number from the Index in March 2011. When distressed sales (short sales and sales of lender-owned properties (REO)) are excluded, the...
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