The federal government is working on a new plan to help struggling homeowners avoid foreclosure. This would be paid for through the $700 billion rescue package finalized by Congress. Nancy Marshall Genzer has more.
New York City is normally an epicenter for construction and real estate, but developers are having a hard time filling up spaces lately. Sally Herships reports why the city's streets are quieter than usual right now.
In a world of questionable mortgage lenders and credit gone wrong, who can you trust to help you out of a foreclosure? Alisa Roth tells us stories of scammers that troubled homeowners should be careful to avoid.
The plan to help homeowners facing foreclosure will cost $40 billion, and the money would come from the original pool of bailout money. But commentator Andrew Caplin resurrects an old idea that doesn't involve all that cash.
FDIC chair Sheila Bair is speaking to the Senate Banking Committee today on a plan to encourage banks to keep troubled homeowners in their homes. But Dan Grech reports why renegotiating mortgage terms is difficult.
Are we in a recession? A slowdown? A rebalancing? What happens next? Kai Ryssdal asks Mike Mandel, writer for BusinessWeek, and Johs Worsoe, senior executive vp, global markets, for Union Bank, for their thoughts.