Rep. Paul Ryan, Mitt Romney's running mate, is best known for drawing up a series of spending-and-tax plans meant to challenge the Obama administration's policies from the right. But it's been some time since his latest budget, which Mr. Ryan terms a "path to prosperity," was released. Here's a primer on what's in it.
Spring is the housing market's time of greatest activity, and this year, the story of US real estate varies by location. One common theme: A recovery is well under way, but not yet complete.
Morgan Stanley lawsuit over mortgage securities with the Federal Housing Finance Agency was settled for $1.25 billion, the company said Tuesday. The Morgan Stanley lawsuit was part of a larger one in which the government sued 18 financial firms for selling mortgage securities that turned toxic when the housing market collapsed.
Payday loans from banks pose huge problems for poor consumers – and the banks themselves. The federal government has finally stepped in with new guidelines for payday loans.
Nationally, home prices increased 0.65 percent in June and 7.48 percent above the level seen in June 2012.
President Obama wants to reduce the government's role in the mortgage giant by phasing out mortgage financing giants Fannie Mae and Freddie Mac. The idea has broad support, but interest rates on home loans would go up, especially for low-income families.
Home prices increased 0.68 percent nationally from April, and 7.24 percent above the level seen in May 2012.