The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more

September 7, 2008

The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. ...more

September 6, 2008

Freddie Mac talked to investors this week about possibly buying its stock to raise much-needed capital but billionaire investor Warren Buffett said he passed on an opportunity to help the troubled mortgage giant. ...more

August 23, 2008

Troubled borrowers with home loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail. ...more

August 21, 2008

MIAMI (AP) - The head of a state agency that allowed thousands of criminals to sell home loans in Florida has acknowledged that his office did not follow a screening law, but blamed legislators for failing to provide money to enforce it. ...more

July 25, 2008

The head of a state agency that allowed thousands of criminals to sell home loans in Florida has acknowledged his office did not follow a screening law but blamed legislators for failing to provide money to enforce it. ...more

July 25, 2008

The head of a state agency that allowed thousands of criminals to sell home loans in Florida has acknowledged that his office did not follow a screening law, but blamed legislators for failing to provide money to enforce it. ...more

July 24, 2008

The latest word is that the government will now bail out Fannie Mae and Freddie Mac. ...more

July 18, 2008

Diane Klein wasn't sure what she would trust more to hold her money - IndyMac Bank or a hole in her backyard. ...more

July 17, 2008

While the federal government has been sending income tax rebate checks to stimulate the economy, another proposal in the works would offer a $750 tax credit to entice people to buy houses. ...more

June 5, 2008