mortgages

The government is expected to announce soon that it will devote up to $50 billion to directly address the source of the financial crisis: bad mortgages and millions of homeowners at risk of foreclosure.

The Bank of America says about 30,000 Texas homeowners will qualify for a new program to ease the terms on mortgages issued by Countrywide Financial.

Fewer troubled borrowers got help with their mortgages in August than in July, according to figures released Thursday.

The good news: Mortgage giant Fannie Mae is taking steps to shore up its finances. The bad news: You're going to pay for it when you take out a mortgage.

Even in the midst of the worst housing slump in decades, some people are out there getting mortgages and buying homes.

But they're paying more for mortgages these days, and borrowers with shaky credit won't find it easy to get a loan.

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They own or guarantee $5 trillion worth of mortgages? - nearly half of all the country's outstanding home loan debt - and they're crashing.

But not everybody is convinced they should be.

Whatever good for Main Street comes out of modifying the mortgages of borrowers who are in default on their loans, the effort looks like something that would please Wall Street.

Interest rates on 30 year mortgages are above 6% - their highest levels since March. Is the end of low interest rates on the horizon?

Here are some top tips on what you need to know if you want to refinance.