Mortgage Finance

Fed Report: Recession May Be Bottoming Out

Some new reports just arrived offered new evidence that the worst recession of the post-World War II era is bottoming out.

The economy's downward slide is slowing with more regions of the country showing signs of stabilization in recent weeks, according to a Federal Reserve report released Wednesday.

Residential real estate markets in many areas improved modestly, fueling hopes the three-year old housing slump may be coming to an end

Posted by The Financing Media on 7/29/09 6:43 PM

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