Feb 9th 2012 12:00PM
WASHINGTON -- Forty-nine U.S. states have reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate... Continue Reading »
Feb 3rd 2012 4:30PM
On the eve of the Nevada primary, in which housing policy will weigh heavily on residents of the foreclosure-ridden state, PBS' "Need to Know" takes a closer look at what the housing crisis looks and feels like for locals. In the video special below, which airs in full at 8:30 p.m. EST tonight, the "Need to Know" team... Continue Reading »
Jan 23rd 2012 12:40PM
You may recall the story of Texana Hollis, the 101-year-old Detroit woman who lost her home due to her son's ill-advised borrowing, but was set to reoccupy the property after a groundswell of public support. Now Hollis (pictured above) faces yet another obstacle in returning to her family home of nearly 60 years: The... Continue Reading »
Jan 18th 2012 4:45PM
WASHINGTON -- U.S. homebuilders are growing a little less pessimistic about the depressed housing market after seeing more people say they might be open to buying a home this year. The National Association of Home Builders/Wells Fargo builder sentiment index rose four points to 25 in January. That's the highest level... Continue Reading »
Jan 11th 2012 1:00AM
WASHINGTON -- The executive who was appointed to lead mortgage giant Fannie Mae in 2009 after the federal government seized the company plans to step down as its CEO. Michael J. Williams announced Tuesday that he will continue as CEO and as a director until a successor is found. "I decided the time is right to turn... Continue Reading »
