US Action News

What is generally agreed is that subprime mortgages disproportionately contributed both to the severity of the crisis and to the size of losses imposed upon the taxpayer.

U.S. Treasury Secretary Timothy F. Geithner will present Congress with three options for reducing the government’s role in the nation’s decades-old housing finance system and shrinking the footprint of mortgage companies Fannie Mae and Freddie Mac

We are officially in the middle of the worst housing collapse in U.S. history – and unfortunately it is going to get even worse.

A lot of the indoctrination that takes place in educational institutions begin to erode when people get into the real world and start thinking for themselves.

Some cities probably won’t ever recover. That’s the conclusion of a new study on vacancy rates, demographics, and market patterns by the Mortgage Bankers Association.

Let’s get it back. Twelve billion, one hundred and sixteen point four million dollars might not sound like a lot to you, but it starts to add up.

The Fox All-Star panel discusses the impact of bad economic news, the hope for bipartisan cuts and the potential for bailouts of bankrupt states.

“The full weight of the decline in housing values has yet to hit the budgets of many cities and property tax revenues will likely decline further in 2011 and 2012,” the report said.

HUD’s subsidies and failed oversight of Fannie Mae and Freddie Mac helped to inflate the housing bubble, which ultimately burst and cascaded into a major financial crisis.

FNC legal analyst Bob Massi discusses why millions of Americans can’t afford their homes.