McCain mortgage plan shifts costs to taxpayers

Under McCain's newly announced plan, the government would take the hit for writing down mortgage balances for at-risk borrowers.


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Bank of America to slash mortgage payments

The foreclosure prevention program is the most aggressive initiative undertaken yet to help stem the housing crisis.



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Manhattan real estate: Pricey but headed for a fall

The average sales price continues to climb - it's now $1.4 million - but the number of buyers is falling fast.


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Housing rescue efforts slowed in August

Nearly 189,000 at risk borrowers got help during the month, according to Hope Now, down slightly from the number of homeowners helped in July.


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Where home prices are headed next

Want to know what your home will be worth this time next year? Check out these home price forecasts for the 100 largest U.S. markets, from Money Magazine.


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Bailout: Little help for homeowners

If it does pass, the plan calls for the Treasury to work with loan servicers to stem the tide of foreclosures. But just how that will happen remains unclear.



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Freddie, Fannie roll back fees

The mortgage finance giants will not increase fees to .5% from .25% on loans they purchase.


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The other housing rescue starts today

The FHA's $300 billion Hope for Homeownership program is now open for business. But will banks be willing to sign up?


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Record 16% drop in July home prices

July home prices plunge 16.3% in 12 months, according to the Standard & Poor's/Case-Shiller 20-city housing index.


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Crisis puts home loans out of reach

The meltdown on Wall Street is making it even harder for home buyers to land a mortgage loan.



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