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Fed Governor Elizabeth Duke says that while the housing market is slowly mending, it's still in...

May 16, 2012 7:41 PM ETBy: David Yelle, SA News Editor8 Comments
Fed Governor Elizabeth Duke says that while the housing market is slowly mending, it's still in need of a lot of help. Any sustainable housing recovery depends on more action from Congress and federal regulators to stabilize the U.S. mortgage market. What can they do? They can start by loosening lending standards by banks and mortgage lenders, Duke says. That will go a long way towards attracting buyers back to the market.

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