In a world of questionable mortgage lenders and credit gone wrong, who can you trust to help you out of a foreclosure? Alisa Roth tells us stories of scammers that troubled homeowners should be careful to avoid.
Kai Ryssdal talks to David Leonhardt of the New York Times and Leigh Gallagher of Forbes about Congress' decision to funnel more cash to struggling homeowners and other news from a busy week.
The plan to help homeowners facing foreclosure will cost $40 billion, and the money would come from the original pool of bailout money. But commentator Andrew Caplin resurrects an old idea that doesn't involve all that cash.
The government's financial bailout team is turning its attention to helping struggling homeowners avoid foreclosure — finally, some would say. Washington Bureau Chief John Dimsdale has details.
FDIC chair Sheila Bair is speaking to the Senate Banking Committee today on a plan to encourage banks to keep troubled homeowners in their homes. But Dan Grech reports why renegotiating mortgage terms is difficult.
Are we in a recession? A slowdown? A rebalancing? What happens next? Kai Ryssdal asks Mike Mandel, writer for BusinessWeek, and Johs Worsoe, senior executive vp, global markets, for Union Bank, for their thoughts.
Construction of new homes was expected to drop in September, but not to the lowest number in seven years. With builders and buyers unable to get loans easily, the decline is expected to continue. Mitchell Hartman reports.
Pennsylvania is experimenting with a mandatory mediation system for foreclosures that requires borrower and lender to try to work things out before a judge. But Jeff Tyler reports many don't know the program exists.
FDIC Chairwoman Sheila Blair is publicly criticizing the administration's $700 billion bailout package, saying it doesn't do enough to help Americans facing foreclosures. Sarah Gardner reports.
The U.S. still has an estimated 21 billion barrels waiting to be extracted. At an oil field in Los Angeles, residents are fighting one company's plan to drill under their neighborhood. Jennifer Collins has the story.
