Nov 18th, 2008 · Treasury Secretary Henry Paulson once again defends his management of the federal government's $700 billion rescue program for the financial industry. Democrats want some of the money used to help other ailing industries, as well as struggling homeowners.
Nov 14th, 2008 · Congress is struggling over what to do about the epidemic of home foreclosures. Senators told some of the nation's biggest bankers Thursday, that they should do their part to help homeowners. If they don't, Congress might turn to bankruptcy judges to rewrite the terms of mortgages — as they already do for car loans and even vacation homes.
Nov 14th, 2008 · A dearth of shipping containers connects a homeowner in Philadelphia, a grocery shopper in Japan and a farmer in North Dakota, and underscores the interdependence of producers, consumers and economies around the world.
Nov 13th, 2008 · With home values in a steep decline, many homeowners have been forced to sell their houses for less than they paid for them. Still, experts insist that owning a home in a failing economy can be a good thing. Dean Foust and Robert Shiller explain why.
Nov 11th, 2008 · Fannie Mae and Freddie Mac have announced new plans to expand and accelerate their loan-modification programs. Under the plan, the mortgage giants will speed up renegotiation on thousands of delinquent loans that they hold.
Nov 11th, 2008 · Citigroup announces a new initiative Tuesday to try to help more homeowners avoid foreclosure. Citi says it will lower mortgage payments for about 100,000 people, who haven't yet fallen behind on their payments. The government also has been considering taking more dramatic action to stem foreclosures.
Nov 7th, 2008 · Gov. Arnold Schwarzenegger has proposed a freeze on pending foreclosures in an effort to help thousands of distressed homeowners in the state. But some economists say it's a bad idea that will only push California's mortgage rates higher.
Oct 31st, 2008 · New numbers out Friday say that 20 percent of homeowners are upside-down on their mortgages. One out of every five mortgage borrowers owed more than their homes' worth in the third quarter.