The Housing Crisis and a Fight-Back Program

"The current economic crisis has been building for years. At its root is the massive elimination of decent-paying jobs and lowering of wages in the U.S. and worldwide, a phenomenon explained and analyzed so well in the party’s newest book, “Low-Wage Capitalism.”The...

New Refinancing Plan From Ohio For Distressed Home Owners

"The Ohio Housing Finance Agency will issue $100 million in taxable municipal bonds in April as part of a refinancing program to help homeowners faced with foreclosure. The program, offered through OHFA's 185 lending partners throughout the state, will provide 30-year...

Could you handle an interest-only loan?

"They sound too good to be true, allowing buyers to free up cash or to buy more house. The catch? Zero equity for years -- and then monster payments. How would you like a mortgage that either significantly lowered your monthly payment or allowed you to buy a lot more...

Banks get nontraditional mortgage advice

"Federal regulators directed banks on Friday to properly explain the risks posed to borrowers from interest-only and other nontraditional mortgages. The guidance was aimed at addressing the fear that consumers don't understand all the repayment risks involved in these...