Thousands of foreclosed properties are sitting on the market and driving home values down. But one federal program is aimed at helping people who don't own homes buy foreclosed properties to get them off the market. Tamara Keith reports.
A study out this morning shows that 1 in 5 U.S. homeowners owe more to their mortgage lenders than their homes are worth. Jennifer Collins crunches numbers on "underwater" mortgages and where most of them are.
The House is weighing a bill that would give bankruptcy judges the ability to modify mortgages. They could force lenders to cut the principal on a loan, lower the interest rate, or even extend the life of the loan. Dan Grech reports.
With energy prices guaranteed to rise in the long term, more people are looking into making their homes more energy efficiency. Rob Manning visited a house in Portland, Ore. invested in becoming more ecologically sound.