I've heard a lot of arguments against, but today I read the most compelling testimony from David Kittle, Chairman of the Mortgage Bankers Association before the Senate Judiciary Committee.    Read More

We can talk all we want about the TARP program and who should get under that umbrella. Or GM and the pros and cons of a bailout. But the underlying root cause of all the credit woes started with, and still resides in, the housing market.   Read More

So here I am on Capitol Hill covering a hearing at the House Financial Services Committee (starring Chairman Barney Frank D-MA), entitled Private Sector Cooperation with Mortgage Modifications—Ensuring That Investors, Servicers, and Lenders Provide Real Help for Troubled Homeowners.   Read More

Another big bank offers a plan to keep people in their homes. Here's what it means if Citi holds your mortgage.   Read More

I’m all about the help, but I have some issues (I always have some issues). Citi is targeting borrowers who are not yet delinquent but who could become delinquent due to any number of issues, like loan resets, loss of jobs or home price depreciation.   Read More

This is one bailout that’s easy to get behind. It comes courtesy of the NHL's St. Louis Blues. Starting November 29th, the team is rolling out "Fannie and Freddie Mortgage Saturday." One fan chosen at random during each Saturday home game will receive relief on his or her monthly mortgage or rent payments for up to four months ($1,000 maximum per month).    Read More

Greene shorted subprime before almost anyone else. Then, weeks before Bear Stearns collapsed, he started moving into cash because he didn't trust the markets. Call him lucky, or smart, or both.    Read More

Earlier in his career, Greene won and lost a real estate fortune, and when his portfolio rebuilt itself, he didn't want to get burned again. He wanted a hedge.    Read More

Story after story paints Magic Johnson as an unbelievable businessman and his name certainly means a lot to the urban communities where he has done business.    Read More

You’d think that with rates on the 30-year fixed falling half a percentage point in just a week that the phones would be ringing of the hook at your neighborhood mortgage broker. Apparently that’s not the case.    Read More