Housing

The Senate could vote on a bill that would let bankruptcy judges reset the terms of mortgages to keep stave off foreclosing. But some analysts worry this could cut the value for homeowners. John Dimsdale reports.

More than 300 FEMA trailer residents have requested formaldehyde testing after experiencing respitory problems. FEMA claims the trailers were built according to Federal standards, but many believe those standards are not tough enough. Nancy Marshall Genzer reports.

The Catholic churches of New York are playing their part helping the mortgage crisis by adding workshops to their weekly masses. Jill Barshay reports the financial sermons are delivered by experts, not the priests.

A government regulator of mortgage lenders is putting together a refinancing option to help avoid foreclosures. John Dimsdale reports how the government hopes it will help and how the plan might benefit homeowners.

The threat of foreclosure has hit millions of Americans. But commentator Angela Glover Blackwell says the housing bust may finally put affordable homes within reach, allowing communities to rebuild.

Question: I am 27, married with my fourth kid on the way. I'm currently a full time student and working 30hrs a week at Starbucks, and my wife is a...

Curious about all those papers you signed along with your mortgage? One may be more sinister than the legalese made it out to be. Tess asks Scott Wilson about title insurance.

Next up in the government's list of plans to curb the mortgage crisis: this week's "Project Lifeline," a major foreclosure freeze. Tess asks Gary Painter if it will make a difference.

Foreclosures, now at record levels, could go even higher as a wave of adjustable rate mortgages reset to higher interest rates in the next 18 months. Mhari Saito has a story of a family teetering on the leading edge of that wave.

The rates for millions of adjustable mortgages are set to skyrocket this year. How can you keep clear of the ARM reset landslide -- or dig yourself out? Bob Moon has some ideas.