Analysts don't foresee home prices returning to their 2007 levels until 2020, and that's the optimistic view.
Limits on certain mortgages will make it harder for some people to buy higher-end homes.
But the losses are trimmed substantially in the late afternoon, even as traders worry that a Greek debt default could come soon. Tech stocks rebound, especially Apple, which hits a record high. Gold and oil fall.
If you're looking to sell shares of large banks after Friday's FHFA lawsuits, it's probably too late. Instead, consider the many solid banks that don't have mortgage targets on their backs.
A federal lawsuit filed Friday could kill chances of a comprehensive foreclosure fraud settlement.
Bank of America is raising capital through new deals, but its mortgage nightmares won't go away.
If you're looking for a contrarian bet, these shares might become too cheap to resist.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Joe Cantrell says he faces charges after trying to take advantage of the retailer's policy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.