FED EXITING FIRST HOME BUYERS TAX CREDIT?

Over 1.4 million first time buyers have taken advantage of the credit for a cost of around $11 billion. The estimated cost of the program through November is supposed to be $15 billion and extending it until next June would cost another $15 billion, according to Moody’s Economy.com’s Chief Economist Mark Zandi. Will the tax credit get extended? What happens to the housing market, and the banks...