Chris Arnold

Mortgage giants Fannie Mae and Freddie Mac have been vilified for their role in the housing collapse. Key employees have left as morale has plummeted. But the two organizations are ke...

The stock market hit some major milestones this week: The Standard & Poor's 500 index reached its highest level in more than three years and the Nasdaq rose to its highest level in 11...

Freddie Mac, a taxpayer-owned mortgage company, is supposed to make homeownership easier. One thing that makes owning a home more affordable is getting a cheaper mortgage.

But Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according ...

One reason for the continued gloom: It's too hard for many people to qualify for the low rates. But a new program the Obama administration is considering could help millions save an a...

It's still early to make exact pronouncements about how much damage Irene caused, and President Obama says the cleanup in many areas will be tough. But overall, the storm appears to h...