Feb 9, 2012 Nearly all the states and the federal government, and five of the nation's largest banks, have reportedly reached a $25 billion settlement over abusive foreclosure practices. Around 750,000 victims of foreclosure fraud will get checks for just about $1,800.
Feb 13, 2012 A settlement has been reached between state attorneys general and five major banks, but the problems of the housing market in the U.S. are far from over.
Heidi N. Moore
Feb 13, 2012 Today's $26 billion settlement between the government and five of the nation's biggest banks could free up the billions in mortgage securities they possess. But the settlement will also change many of the ways banks deal with foreclosures.
Feb 13, 2012 National State Attorneys General Program Director James Tierney discusses why it has taken so long to reach a multi-state settlement with big banks over shady foreclosure practices during the housing crisis.
Feb 3, 2012 I have the opportunity to refinance from 5-1/4 percent to 4-1/4 percent. The savings will be $249 a month, which we really need because we probably will need a new car next year. The payback for the closing costs (rolled into the refi) would take 2 years. However, there is a small chance we could be moving due to my job before 2 years. Should I take the lower rate to get the monthly savings or find the money for the car elsewhere? My wife's and my credit scores are high -- about 800. (Yes, Tess, I checked FICO per your constant reminding on the show.) Eric, Ringwood, NJ
Feb 1, 2012 The president wants to make it easier for homeowners to refinance their mortgages.
Feb 1, 2012 President Obama announces a new program to help eliminate what he calls a stubborn drag on the economy.
Jan 30, 2012 In his State of the Union address, President Obama sketched out a plan to help homeowners refinance, something Allan Sloan calls 'Wall Street bailing out Main Street.'
Jan 25, 2012 The devil is in the details, but hopefully the administration has finally figured out how to help homeowners with underwater mortgages.