Once highly sought by investors at incredible prices, the Stuyvesant Town-Peter Cooper Village complex in Manhattan is going back to the bank. Steve Chiotakis talks to Marketplace's Mitchell Hartman about what went wrong.
Here's another wrinkle for new homebuyers: You'll have to pay more for mortgages insured by the Federal Housing Administration. The FHA says it had to toughen the rules because too many of its loans were going bad. Markeplace's Nancy Marshall Genzer explains.
The Federal Housing Administration is set to raise the premiums on mortgage insurance and tighten lending standards for some borrowers. Steve Chiotakis analyzes the move with Richard DeKaser of Woodley Park Research.
In the latest government effort to rein in mortgage lenders, the U.S. Department of Housing and Urban Development wants 15 mortgage companies to explain why their loans failed. Jeff Tyler reports.
A report from RealtyTrac says 2.8 million properties fell into some kind of foreclosure last year, breaking all kinds of records. Bob Moon reports on one ominous development that's a bad sign for the year ahead.
A report from RealtyTrac says December marked the tenth straight month with more than 300,000 foreclosure filings — and the numbers for the full year are all the more surprising. Bob Moon reports.
Risky behavior, like lax lending in the housing sector and subprime mortgages, helped lead to the financial crisis. Lots of people just couldn't pay back their loans. Brett Neely reports on what the government may do.
