Obama's Refinance Plan Explained" alt="Obama's Refinance Plan Explained" />

By Nick Timiraos The Obama administration is revamping a program that's designed to let more homeowners refinance their mortgages even if they don't have any equity. This isn't a new program, but instead attempts to turbo-charge an existing federal initiative called the Home Affordable Refinance Program. Here's a look ... Continue Reading »

Can Being Late on Your Mortgage Make You Sick?" alt="Can Being Late on Your Mortgage Make You Sick?" />

By S. Mitra Kalita The foreclosure crisis may be making Americans sick. A study published online yesterday in the American Journal of Public Health surveyed nearly 2,500 homeowners over the age of 50 who were asked if they had fallen more than two months behind on their mortgage payments since 2006. Of those who ... Continue Reading »

Housing Crash Scares Away Younger Buyers" alt="Housing Crash Scares Away Younger Buyers" />

By Michael S. Derby The younger you are, the more freaked out you are likely to be by the housing market crash. A new paper by Federal Reserve Bank of Boston economists used consumer sentiment data collected in the Michigan Survey of Consumers over the summer to try to find out how the housing market's terrible state ... Continue Reading »