Some underwater home owners may be able to find some financial relief — and keep their homes — by having their second mortgage dropped through a little known legal provision.
A California congressman wants to combine Fannie Mae and Freddie Mac into a single entity. It would be smaller, and fully government-owned. But opponents say it would be too easily manipulated by special interests.
Banks are giving big breaks to borrowers, even though they don't seem to be in danger of default. Why? Because when interest rates start to rise — and they will — these loans are in pole position to go bad.
Juli Niemann, analyst with Smith Moore and Company, takes a look at today's S&P/Case-Shiller index, and explains why she's "slightly" optimistic about the housing market.
We all know that a home's value is whatever a buyer and seller can agree on. But that doesn't stop us from sometimes wondering what it's worth or believing what we were seeing. So we invited Stan Humphries, Zillow.com's chief economist to explain it to us.