AIG Bailout Raises Bar for Action on Mortgages

When the government bailed out Bear Stearns in March, plenty of people on Main Street complained it wasn’t fair to save an investment bank and do nothing to help homeowners.

Imagine how they feel now.

Each new step the government takes in the private markets — More…

Mortgage Workouts Not Solution

When the foreclosure crisis began to heat up last fall, troubled borrowers got this advice: Call your lender and try to work things out. The Bush administration led the way on this, unveiling its Hope Now program — a hotline to connect borrowers with mortgage counselors More…