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Home Owners

The Brian Lehrer Show

HUD Secretary on the $25 Billion Homeowner Settlement

Friday, February 10, 2012

HUD Secretary Shaun Donovan discusses the big deal struck between federal and state officials to help struggling homeowners--and what it could mean for the New York area. More information on the settlement here.

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The Brian Lehrer Show

Rent or Buy?

Tuesday, May 31, 2011

David Leonhardt, writer of the "Economic Scene" column for the New York Times, talks about renting versus buying a home and how people make that decision.

Compare for yourself the differences between buying and renting a home with this calculator from The New York Times.

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The Takeaway

Galveston Residents: 'Show Me The Money!'

Tuesday, January 18, 2011

Two years ago, Galveston, Texas was hit hard by Hurricane Ike, leaving thousands of homes destroyed or badly damaged. Then about a year ago, over $160 million was released to the city to help residents repair and reconstruct their homes. However, many of those residents, like Antonio Hale, still have not seen a dime. Harvey Rice, a Galveston based reporter for the Houston Chronicle, has been covering this ongoing battle between Galveston's home owners and the red tape they are fighting through. 

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The Takeaway

Fannie Mae Penalizes Homeowners Who Walk Away From Their Mortgage

Friday, June 25, 2010

Mortgage giant Fannie Mae announced plans this week to institute a new rule penalizing homeowners who walk away from their mortgages. If homeowners are able to afford home payments, Fannie Mae says they will pursue them in court and restrict their access to future home loans for seven years. The decision will affect many home-owning Americans since the mortgage market is nearly completely controlled by Fannie Mae, and its sister company Freddie Mac, as well as the Federal Housing Administration.

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