The House on Thursday passed a massive homeowner rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers and bolster an economy crippled by the housing crisis. ...more

May 9, 2008

President Bush and Congress are clashing over how to address the housing crisis, clouding the prospects of an election-year rescue package. ...more

May 8, 2008

Fannie Mae, a key source of mortgage funding, on Tuesday reported that falling home prices and rising defaults contributed to further losses for the government-sponsored company during the first quarter. ...more

May 7, 2008

NATION Bank Unclear On Debt Bank of America, which has announced plans to buy Countrywide Financial, said in a regulatory filing that there were no assurances that a big chunk of the distressed subprime mortgage lender's debt would be redeemed, assumed or guaranteed. ...more

May 3, 2008

Congress is set to examine another round of proposals to help consumers and investors survive turmoil in the housing market. ...more

February 25, 2008

Countrywide Financial Corp. said Friday that home loan delinquencies and foreclosures rose in January as more borrowers struggled to make their mortgage payments. ...more

February 16, 2008

Here's a chipper question for my fellow conservatives: Would it be more depressing to learn that our next president will be a Democrat or a Republican? ...more

February 10, 2008

Our country's national debt is in the trillions of dollars, most Americans are head-over-heels in personal debt, most have not saved anything for retirement - and yet, the government's answer is to reward us with a tax rebate to "stimulate" the economy. And they may have to borrow the rebate from China, adding to the national debt. ...more

February 3, 2008

Florida's attorney general is investigating Countrywide Financial Corp., a beleaguered California-based mortgage lender, for possible unfair and deceptive business practices related to its home loans. ...more

February 1, 2008

In a career defined by blockbuster deals, Bank of America chief executive Ken Lewis has taken his biggest gamble yet with an attempt to rescue the country's biggest mortgage lender, Countrywide Financial. ...more

January 12, 2008