Bloomberg BusinessWeek reporter Roben Farzad talks with Steve Chiotakis about whether Fannie Mae and Freddie Mac have a future and what a Fannie-less world looks like.

The government's hearing on what to do about Fannie and Freddie has wrapped up. The general consensus is goodbye Fannie and Freddie. Hello, what exactly? Gregory Warner reports.

Fannie and Freddie have significantly improved their practices since the government took over the then-dysfunctional mortgage lenders two years ago. So much so, that 90 percent of mortgages now carry some sort of government insurance. Now some are calling for reeling Fannie and Freddie in.

… So what SHOULD the government's role in housing be? Less defaulting, late pay on credit cards Americans cut back on routine medical care Cot…

Treasury Secretary Tim Geithner and Housing Secretary Shaun Donovan are considering ways to encourage home buying without putting taxpayers at risk. John Dimsdale reports there's no lack of ideas on how to achieve that.

Susan Wachter, professor of real estate and finance at the University of Pennsylvania Wharton School of Business, talks with Steve Chiotakis about whether the government should be in the mortgage business.

Academics, consumer groups and banks will be present when the Obama administration holds a conference next week to determine the future of Fannie Mae and Freddie Mac.

Banks took back 93,000 American homes in July, the eighth straight month of more U.S. home foreclosures. But there are signs the crisis may start to ease in the months ahead.

Tess Vigeland talks to Beverly Davis of Cornbread Millionaire about Davis trying to save her foreclosed home by selling cornbread mix, bumper stickers and a cookbook.