Topic: Rick Green
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.
Experts have been calling for the bottom of the housing market each year since the crash, and prices continue to tumble. Why? In an overwhelming number of cases, homeowners owe more on their mortgages than their houses are actually worth.
Should underwater home owners go down with a sinking home to save a credit score?
06/07/2011 01:25 pm
'Large Binocular Telescope' takes the sharpest pictures yet of deep space from Earth.
06/17/2010 04:59 pm
The $1.5 billion federal aid package will be distributed to housing agencies in California, Nevada, Florida, Michigan, and Arizona – the states hardest hit by the housing crisis – to help keep struggling homeowners in their houses.
02/19/2010 07:55 pm
Hasidic groups in New York patrol religious neighborhoods in marked cars, but they occasionally clash with outside groups and even among themselves.
02/10/2009 12:00 am