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  • Are Investors Holding Up Loan Modifications? Thursday, 12 Mar 2009 | 3:53 PM ET

    On the heels of a new report that foreclosures are not in fact abating, as some banking on moratoria and modifications might have expected, I sat down this morning for an interview with the president of Mortgage, Home Equity & Insurance Services at Bank of America.

  • What's Really Driving Down The 30-Year Fix? Wednesday, 11 Mar 2009 | 11:53 AM ET
    Mortgage Rates Dropping

    The average contract interest rate for the 30-year fix fell to its second lowest on record last week, hitting 4.96% from 5.14% the week before. Why?

  • Pros Say: 5 Good Closing Bells Will Do It Tuesday, 10 Mar 2009 | 4:06 PM ET

    Tuesday: Rep. Barney Frank (D-Mass.) said the uptick rule will soon be reinstated but the SEC said that mark-to-market regulations would remain in place. Citigroup shares skyrocketed nearly 40 percent and many other financials followed suit — lifting the market with them. General Electric* shares enjoyed an assurance from Citi and AT&T said it'd add — yes, add — 3,000 jobs and invest up to $18 billion. CNBC heard from experts who said that investors are nearly ready to get out of cash — and gave a prescription for bear repellant.

  • Are Subprime Lenders Up to New Tricks? Tuesday, 10 Mar 2009 | 3:49 PM ET

    So, the folks who made all those bad loans are supposedly now keeping watch over the appraisal business, making sure independent appraisers are not inflating or deflating values due to pressure from lenders???

  • Pros Say: TALF Bailout to Spark Recovery Monday, 9 Mar 2009 | 6:19 PM ET

    Monday: Warren Buffett told CNBC the U.S. economy has "fallen off a cliff." Prof. Nouriel Roubini, who predicted the current crisis, said the U.S. recession could last up to 36 months. But some M&A activity was seen: Dow Chemical and Rohm & Haas announced a deal; and Roche and Genentech are reportedly close to their own agreement. CNBC heard from experts who said steady growth companies are the way to invest now; and that the government rescue plan is going to create the first signs of recovery.

  • Realtors Are Sold On This Good News Monday, 9 Mar 2009 | 2:15 PM ET

    Just when you thought it was impossible to find any good news for anyone in the real estate business, deep inside the FY09 omnibus appropriations bill lies a little golden nugget for the Realtors.

  • Consumers Start Spending Again Amid Grim Economy Friday, 6 Mar 2009 | 12:56 PM ET
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    Even as the economy sheds jobs at an alarming rate, there are early signs consumers are over the shock  of recession and  opening their wallets again. "There's pent up demand," says one economist. "Whether it is long lasting is another story.”

  • Mr. Spitzer Goes To Washington, Again Friday, 6 Mar 2009 | 11:19 AM ET
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    Eliot Spitzer is investing in DC commercial real estate. What’s wrong with this picture?

  • Consumers Start Spending Again Amid Grim Economy Friday, 6 Mar 2009 | 10:55 AM ET
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    Even as the economy sheds jobs at an alarming rate, there are early signs consumers are getting over the shock  of recession and  opening their wallets again. "There's pent up demand," says one economist. "Whether it is long lasting is another story.”

  • Dow Ends Below 6,600; Citi Dips Below $1 Thursday, 5 Mar 2009 | 4:32 PM ET

    Stocks tumbled 4 percent Thursday as investors were rattled by doubts about the survival of General Motors and Citigroup broke below $1.

  • Fed's Lacker: Return to Growth by Year-End Thursday, 5 Mar 2009 | 2:22 PM ET

    The U.S. economy looks "dismal" in the short term but should return to growth by year-end as housing markets finally reach "some sort of equilibrium," said Richmond Federal Reserve Bank President Jeffrey Lacker.

  • Stocks Slide as Citi Breaks Below $1 Thursday, 5 Mar 2009 | 2:00 PM ET

    Stocks opened lower Thursday, pressured by doubts about whether General Motors can survive and ahead of a hearing with Treasury Secretary Timothy Geithner.

  • Stocks Slide as GM Falls Below $2 Thursday, 5 Mar 2009 | 11:20 AM ET

    Stocks opened lower Thursday, pressured by doubts about whether General Motors can survive and ahead of a hearing with Treasury Secretary Timothy Geithner.

  • GM Dents Futures; Jobless Claims Help Thursday, 5 Mar 2009 | 9:28 AM ET

    US stocks headed for a lower open Thursday, having clawed back key ground in the previous session, ahead of a hearing with Treasury Secretary Timothy Geithner and decisions by the European Central Bank and the Bank of England on interest rates.

  • Second Liens Forgiven: Are You Kidding Me? Wednesday, 4 Mar 2009 | 3:23 PM ET

    Amid the dozens of pages of details of the Obama mortgage modification plan, one new element will likely not make it into the headlines because it’s something of an afterthought, but...

  • Citi’s Mortgage Holiday Tuesday, 3 Mar 2009 | 3:26 PM ET

    Today Citi announced a new program to help troubled borrowers stay in their homes, specifically borrowers who have lost their jobs.

  • Pros Say: What's Next? A Strong Rebound Tuesday, 3 Mar 2009 | 2:14 PM ET

    Tuesday: Fed Chairman Ben Bernanke defended the AIG bailout, saying the alternative would've been a disaster. Treasury Secretary Tom Geithner defended the Obama Administration's plan to buttress and stimulate the U.S. economy. Auto sales plummeted; Citigroup said it'll lower some mortgage payments; and subsidiaries of Warren Buffett's Berkshire Hathaway announced job cuts. CNBC heard from experts who said the U.S. economy is in a depression — but the next move is an upside jump.

  • Pros Say: U.S. Recession Looks Endless Friday, 27 Feb 2009 | 3:38 PM ET

    Friday: General Electric (CNBC's parent company) said it'll slash its quarterly dividend 68 percent, saving $9 billion annually. The U.S. agreed to boost its stake in Citigroup to as much as 36 percent. U.S. GDP data was sharply revised downward, with economic loss at 6.2 percent. Experts told CNBC that the market is resisting scary talk from President Obama and Fed Chairman Bernanke — but the recession's end is nowhere in sight.

  • When $250K Really Doesn't Feel Rich Friday, 27 Feb 2009 | 2:44 PM ET
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    We all knew President Obama's budget would not be easy to swallow, at least for those earning over $250,000 a year, but we also know that in these incredible economic times, a lot of us would have to take a bullet for the greater good.

  • Bankruptcy

    In all the arguments over the proposal to allow bankruptcy judges to modify home loans, a.k.a. the bankruptcy “cramdown,” we seem to be losing sight of some simple basics involving foreclosure, bankruptcy and credit.