Representative Barney Frank is drafting new legislation to help stem home foreclosures and reduce mortgage rates. The plan would use some bailout money and ideas from FDIC chair Sheila Bair. Nancy Marshall Genzer reports.
Mortgage statistics come out this morning that include numbers of homeowners renegotiating their mortgages. But are the loan modifications effective? Dan Grech reports why these loans have been criticized for not working.
Property developers have mortgage debt scheduled for refinancing due by 2011 — about $530 billion. Because of the credit crunch, developers will likely have trouble coming up with the money. Nancy Marshall Genzer reports
The National Association of Homebuilders wants to see Congress implement a program to help stimulate buyers and give them a reason to rejoin the market. Rico Gagliano reports the plan involves two parts: tax credits and low fixed rates.
Fannie Mae is developing a policy to allow renters who live in foreclosed properties to stay in their homes and avoid eviction. The new policy comes on the heels of the mortgage finance company's current holiday eviction moratorium. Sam Eaton reports.
Economics editor Chris Farrell and host Tess Vigeland take questions on foreclosure, buying land, saving for retirement and safe short-term places to keep money.
Foreclosure filings dropped for the month of November, but that doesn't necessarily mean things are getting better. Jeremy Hobson looks into why these indicators may be "false positives" for the housing market.
