Estimates of America's debt vary by tens of trillions of dollars, depending on how you count. The bottom line: It's deep but not yet fatal.
ESOP works by acting as a good-faith liaison between mortgage lenders and borrowers, helping people who are straining to pay their mortgages stay in their homes.
More and more, indebted homeowners are deciding to walk away from their mortgages, instead of facing forced foreclosure. Who will pay the discarded debt?
The Fed defends the housing bubble, Fannie Mae's CEO resigns, and Obama wants to convert foreclosed properties into rentals
Newt Gingrich is taking flak from his GOP rivals and some conservative commentators on things like Freddie Mac and his ideas about the federal judiciary. But as his fellow debaters have learned, he can be a well-armed and highly-confident opponent.
The SEC filed a civil fraud lawsuit Friday against six former top executives at Fannie Mae and Freddie Mac, saying they misled investors about the subprime-loan risks they faced.