Although some banks have just announced they're temporarily halting foreclosures, many homeowners are still in trouble and in need of answers. A non-profit group in L.A. tries to help.

Marketplace's Wall Street reporter Jeremy Hobson escaped Manhattan this week for a series on how the rest of the country is dealing with the recession. He joins us from Memphis, Tenn., to talk about how joblessness and foreclosures are affecting the region.

The agency that regulates Fannie Mae and Freddie Mac has sent subpoenas to banks that issued mortgage-backed securities in an investigation that could end up costing the banks billions.

A new study finds a spike in the number of so-called "strategic" defaults. That's when someone can afford payments, but abandons a home because it's worth less than the mortgage. Jeff Tyler reports.

Nicolas Retsinas, director of Harvard's Joint Center for Housing Studies, talks to Steve Chiotakis about what the government's homebuyer's tax credit has done for the housing market.