Jul 05 Watch Raze the Roof: Cleveland Levels Vacant Homes to Revive Neighborhoods Business correspondent Paul Solman reports from Cleveland on the economically troubled Ohio city's efforts to tear down thousands of empty foreclosed homes in hopes of putting eyesore and dangerous properties back to productive use -- perhaps as community gardens, new… Continue watching
Jun 28 Latest Housing Prices More Than 30% Below Peak This month's Case-Shiller Home Price Index is out and, rather than paraphrase or plagiarize Phil Izzo's succinct account for The Wall Street Journal's Real Time Economics blog, how about we reproduce it? S&P/Case-Shiller home-price… Continue reading
Jun 28 Latest Housing Prices More Than 30% Below Peak This month's Case-Shiller index is out and, rather than paraphrase or plagiarize Phil Izzo's succinct account on the Wall Street Journal blog, Real Time Economics, how about we reproduce it? "S&P/Case-Shiller home-price data showed… Continue reading
Jun 27 Some Very Specific Mortgage Questions -- and Answers By April Brown Paul Solman answers questions from NewsHour viewers and web users on business and economic news. Paul addresses three queries on housing in Monday's post. Continue reading
Jun 21 Watch JPMorgan to Pay $153 Million to Settle SEC Fraud Charges The Securities and Exchange Commission announced Tuesday that JPMorgan Chase agreed to pay $153 million to settle charges of misleading investors in the housing market. Judy Woodruff discusses the settlement and back story with Pulitzer Prize-winning reporter Jesse Eisinger of… Continue watching
Mar 29 Watch Is the U.S. Stuck in a Second Housing Slump? The economy may be showing sings of new life but new data show a weak housing market. Ray Suarez talks to Yale University's Ron Shiller about the state of the U.S. housing picture. Continue watching
Mar 10 ProPublica's Mortgage Mod Squad: HAMP'S a Flop By Diane Lincoln Estes, Paul Solman As you've probably heard by now either on our program or elsewhere, the administration's Home Affordable Modification Program (HAMP for short) has been a disappointment -- to put it generously. The program, announced back in February 2009, aimed to… Continue reading
Mar 02 Obama's Foreclosure Program Slammed Anew for Ineffectiveness Two years after it was launched with far more ambitious goals, the Obama administration's main program to prevent foreclosures came under fire in Congress Wednesday while the Treasury Department received a final barrage of criticism from the departing inspector… Continue reading
Feb 11 Obama Administration Spells Out Endgame for Fannie, Freddie In a long-awaited report, the Obama Administration unveiled a series of proposals today calling for the eventual end of the troubled and often-criticized mortgage financing giants, Fannie Mae and Freddie Mac. Treasury and housing officials proposed options for a new… Continue reading
Feb 11 Obama Administration Unveils Fannie, Freddie Proposals to Much Debate More than two years after the housing bubble collapsed and the financial crisis struck, one debate that looms large in Washington is about to be re-ignited Friday morning: What can and should be done about the housing giants Fannie… Continue reading