The latest news on housing
But he does not favor Uncle Sam nationalizing banks or mortgage-backed debt.
With a rare show of speed, Republicans and Democrats announce a plan to give relief to homeowners.
As the administration tries to resolve the mortgage crisis, it needs to find a new HUD chief.
Only falling prices--not Washington intervention--can resolve the housing crisis.
City Council passes a resolution halting sales of foreclosed homes, for now.
Still, its first-quarter performance is better than expected.
But the pace of decline could be slowing.
Federal home loan banks are cleared to buy about $150 billion of mortgage-backed bonds.
But it's too early to predict a trend, economist says.