Topic: Guy Cecala
Federal Reserve's new push to ease mortgage rates won't help underwater homeowners and those with bad credit. Despite current low rates, two-thirds of homeowners have interest rates above 5 percent.
Mortgage relief aimed at trying to boost lagging housing sector. Most of the $25 billion mortgage relief will go to homeowners struggling to pay their mortgages.
Concerns are rising that faulty mortgage paperwork may spawn a boom in lawsuits against big banks. For now, a second financial crisis seems unlikely – but not impossible.
10/28/2010 09:06 pm
Federal subsidies, low interest rates, and falling home prices have made real estate seem like a good deal recently. But that might not be the case for long.
02/22/2010 04:58 pm
While Treasury mulls help to the best borrowers, Bernanke urges aid to those facing foreclosure.
12/05/2008 12:00 am
What borrowers can do to get favorable terms.
09/22/2008 01:00 am