Will the settlement money be enough?

Feb 9, 2012
As states close in a settlement with big banks over alleged abusive home foreclosure practices, we break down how much each family will really get.
Posted In: home, foreclosure, mortgage, mortgage settlement

Getting foreclosures wrong may cost banks billions

Feb 6, 2012
National State Attorneys General Program Director James Tierney discusses why it has taken so long to reach a multi-state settlement with big banks over shady foreclosure practices during the housing crisis.
Posted In: foreclosures, mortgage, homeowner, mortgage settlement

To refinance or not to refinance

Feb 3, 2012
I have the opportunity to refinance from 5-1/4 percent to 4-1/4 percent. The savings will be $249 a month, which we really need because we probably will need a new car next year. The payback for the closing costs (rolled into the refi) would take 2 years. However, there is a small chance we could be moving due to my job before 2 years. Should I take the lower rate to get the monthly savings or find the money for the car elsewhere? My wife's and my credit scores are high -- about 800. (Yes, Tess, I checked FICO per your constant reminding on the show.) Eric, Ringwood, NJ
Posted In: refinance, mortgage, behavioral finance

President Obama announces mortgage refinance plan

Feb 1, 2012
The president wants to make it easier for homeowners to refinance their mortgages.
Posted In: Housing, refinance, mortgage

Obama plan to help homeowners spur housing recovery

Feb 1, 2012
President Obama announces a new program to help eliminate what he calls a stubborn drag on the economy.
Posted In: Housing, foreclosure, mortgage, refinance

Obama's latest push for mortgage refinancing

Jan 30, 2012
In his State of the Union address, President Obama sketched out a plan to help homeowners refinance, something Allan Sloan calls 'Wall Street bailing out Main Street.'
Posted In: mortgage, refinance, President Obama, State of the Union

Get mass refinancings right this time

Jan 25, 2012
The devil is in the details, but hopefully the administration has finally figured out how to help homeowners with underwater mortgages.
Posted In: mortgage, homeowner, refinance

How about a bi-weekly mortgage payment?

Jan 20, 2012
After refinancing my house with a low-rate, conventional 15-year mortgage, I received an offer to set up bi-weekly or weekly payments. What are the benefits and pitfalls of such a plan? Ron, Richmond Hill, GA
Posted In: mortgage, home, fees, bank

When money goals collide

Jan 19, 2012
We have achieved the goal of $10,000 in our emergency fund and now we're looking to put that extra money into retirement. However, in this uncertain market with dwindling returns, we're not sure that a long-term retirement fund is the best place to dump all our eggs. ... We have a fairly good mortgage rate of 4.75 percent. Our question is: Would it be better to focus on paying off our mortgage early while the market is so volatile instead of putting all that money into retirement? Every penny paid off to the mortgage early is money we aren't paying interest on, after all. Cathy, Bogart, GA
Posted In: retirement savings, home, mortgage, risk

Cordray's plans for the CFPB

Jan 13, 2012
Richard Cordray, chief of the Consumer Financial Protection Bureau, discusses what powers he'll have and how he plans to use them.
Posted In: CFPB, Personal Finance, debt, mortgage, Richard Cordray