A government regulator of mortgage lenders is putting together a refinancing option to help avoid foreclosures. John Dimsdale reports how the government hopes it will help and how the plan might benefit homeowners.
The threat of foreclosure has hit millions of Americans. But commentator Angela Glover Blackwell says the housing bust may finally put affordable homes within reach, allowing communities to rebuild.
Curious about all those papers you signed along with your mortgage? One may be more sinister than the legalese made it out to be. Tess asks Scott Wilson about title insurance.
Next up in the government's list of plans to curb the mortgage crisis: this week's "Project Lifeline," a major foreclosure freeze. Tess asks Gary Painter if it will make a difference.
Foreclosures, now at record levels, could go even higher as a wave of adjustable rate mortgages reset to higher interest rates in the next 18 months. Mhari Saito has a story of a family teetering on the leading edge of that wave.
The rates for millions of adjustable mortgages are set to skyrocket this year. How can you keep clear of the ARM reset landslide — or dig yourself out? Bob Moon has some ideas.
Federal Reserve Chairman Ben Bernanke told the Senate Banking committee today he expects a year of slow-to-moderate growth. Then he said many unknown factors could stifle that growth. Kai Ryssdal has more.
Upset with the lack of action towards the housing crisis, the National Association of Home Builders said it would not be contributing money to elections this year. Jeremy Hobson reports on the power of money in politics.
