A panel of experts is urging federal approval of a home test for HIV — the virus that causes AIDS. If the U.S. Food and Drug Administration follows the recommendation of the advsiory panel, consumers may be able to buy OraQuick at their drug stores in the near future. OraQuick uses a mouth swab and […]
US Panel Urges FDA Approval of Home HIV Test
US: Obama Proposing Home Loan Relief
U.S. President Barack Obama is offering beleaguered American homeowners a chance to refinance their housing loans to take advantage of near-record-low borrowing costs. Mr. Obama said Wednesday the value of millions of homes has sharply fallen during the country’s economic downturn, leaving many homeowners with loans that are bigger than the value of their houses […]
US: Obama Proposing Home Loan Relief
U.S. President Barack Obama is offering beleaguered American homeowners a chance to refinance their housing loans to take advantage of near-record-low borrowing costs. Mr. Obama said Wednesday the value of millions of homes have sharply fallen during the country’s economic downturn, leaving many homeowners with loans that are bigger than the value of their houses […]
US: Obama Proposing Home Loan Relief
U.S. President Barack Obama is set to offer beleaguered American homeowners a chance to refinance their housing loans to take advantage of near-record-low borrowing costs. White House officials described the plan in advance of Mr. Obama’s announcement Wednesday at a community center outside Washington. They estimated that 3.5 million homeowners, many of whom hold loans […]
Major US Banks Reach Deal on Deceptive Foreclosures
Five major U.S. banks and legal officials from all 50 states have reached a tentative $25 billion settlement in a case alleging that mortgage lenders engaged in deceptive practices when they took control of houses because homeowners could no longer afford to make loan payments. Millions of Americans have lost their homes to bank foreclosures […]
Obama Guarantees Wage Protection for US Home Care Workers
U.S. President Barack Obama is guaranteeing minimum wage and overtime protection for the nearly two million in-home workers who help the elderly and infirm (weak in body). In a speech Thursday in Washington, President Obama said his administration will make sure in-home workers get paid fairly for a service that many older Americans cannot live […]
For First Time, US Home Loans Below 4 Percent
For the first time, interest rates on the most common home loans in the United States have fallen below 4 percent. A large government-supported mortgage financing company, Freddie Mac, said Thursday that the average rate on traditional 30-year loans to buy a house has fallen to 3.94 percent. That is the lowest rate the company […]