Obama's mortgage rescue plan calls for relief for Freddie Mae and Freddie Mac customers. It also calls for changes to loan companies, which should offer everyone some relief. Tess Vigeland asks Nic Retisnas of Harvard's Center for Housing Studies to break down the details and beneficiaries of Obama's housing plan.
Thousands of foreclosed properties are sitting on the market and driving home values down. But one federal program is aimed at helping people who don't own homes buy foreclosed properties to get them off the market. Tamara Keith reports.
The Treasury Department released more details about its mortgage restructuring plan for 9 million homeowners. What does the plan include and who gets the help? Steve Henn reports.
A study out this morning shows that 1 in 5 U.S. homeowners owe more to their mortgage lenders than their homes are worth. Jennifer Collins crunches numbers on "underwater" mortgages and where most of them are.
The House is weighing a bill that would give bankruptcy judges the ability to modify mortgages. They could force lenders to cut the principal on a loan, lower the interest rate, or even extend the life of the loan. Dan Grech reports.
With energy prices guaranteed to rise in the long term, more people are looking into making their homes more energy efficiency. Rob Manning visited a house in Portland, Ore. invested in becoming more ecologically sound.
The Obama administration is hoping to jolt the housing market by promoting a new, $8,000 tax credit for first-time home buyers. Is it enough to get home sales moving again? Janet Babin reports.
