The federal homebuyer tax credit shifted demand in the U.S. housing market without having a lasting impact on prices, according to Douglas Duncan , chief economist of Fannie Mae, the largest mortgage financier.
Anthony Andrade was forced to rent the San Antonio, Texas home he planned to buy after Bank of America Corp. approved a mortgage and then scuttled three closings over two months with last-minute document requests.
Orange County, Virginia, High School students study history and build websites using Apple Inc. laptops, Google Inc. software and a Comcast Corp. broadband connection subsidized by U.S. telephone consumers.
A rebound in U.S. auto sales has been buoyed by the return of easy lending, even to borrowers with flawed credit histories. Some economists question whether the gains can be sustained without a boost in hiring.