At the end of last year, half the nation's biggest metro areas saw fewer foreclosures. The other half saw more. We explore why foreclosures are falling in some cities.
Jeff Merkley, Democratic Senator from Oregon, believes that there needs to be a renewed focus on the foreclosure crisis in America. He wants the President to discuss boosting aid to struggling homeowners in his State of the Union address tonight.
The government-backed entities will be imposing a fee that gets passed down to homeowners based on the size of the down payment and the borrower's credit score.