Citigroup to lower some mortgage payments

Struggling bank Citigroup Inc. said Tuesday that it will lower mortgage payments for some homeowners to an average of $500 a month for three months in a program to help the jobless.

Freddie Mac CEO resigning amid turmoil

The top executive of Freddie Mac is quitting after less than six months on the job as the company continues to hemorrhage from mortgage losses.

New home sales drop to record low in Jan.

New-home sales tumbled to a record-low annual pace in January and there is no relief in sight as the U.S. pushes deeper into recession.

Home resales drop to lowest in 12 years

Sales of existing homes took an unexpected plunge from December to January, falling to the lowest level in nearly 12 years as pessimism about the economy grew.

U.S. home prices tumble at record pace

A widely watched home price index, released Tuesday, showed prices tumbled by the sharpest annual rate on record in the fourth quarter and in December.

Obama unveils $75B mortgage relief plan

Seeking to tackle “a crisis unlike any we’ve ever known,” President Obama unveiled a $75 billion plan to keep as many as 9 million Americans from losing their homes to foreclosure.

New home construction drops to record low

Construction of new homes plunged to a record low in January as all parts of the country showed big declines in building activity.

America’s 10 most miserable cities

These cities rank high for lousy weather, long commutes, rising unemployment and high sales tax. Welcome home.

New foreclosure defense: Prove I owe you

Kathy Lovelace lost her job and was about to lose her house, too.

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