The Treasury Department has changed the rules on a program meant to help people hit by the housing crisis stay in their homes, allowing states to use some money from the $7.6 billion foreclosure prevention program to demolish homes instead.
As more and more debt piles on, many make comparisons between this bubble and the one that burst a few years back: housing. But are they really that similar?
Congress's proposed plans to phase out government-backed mortgage giants Fannie Mae and Freddie Mac will almost certainly mean higher mortgage rates for consumers.
Kristal Wilson sold lots of houses to people during the housing boom — and then helped them with short sales when prices collapsed as they faced foreclosure.
With signs of vigor returning to the real estate market, it's easy to miss the other reality: Many people got stuck with terrible mortgages during the boom years and the Obama administration says they still need help.
Starting today, checks are on the way to victims of wrongful foreclosures as part of a $3.6 billion settlement between banks and federal regulators. But for most of those borrowers, it won’t exactly be Christmas in April.
Phoenix, Arizona, was hit hard during the housing crash. Now the housing market is recovering quickly and home buyers are frustrated. But one expert says that doesn't make a housing bubble.