Richmond plans to buy negative-equity loans and help owners refinance. The drastic action it vows to take if lenders don't play along is somewhat less comforting.
The difference is so small that it's almost meaningless, but lending executives are still surprised at how low the rates are.
This is just one point in a new Census Bureau report on the recession's ongoing impact on Americans, long after it ended.
The average size of new homes has rebounded beyond precrisis levels, but today's buyers tend to be older and richer.
The 5-acre property has a 13-bedroom main house, a guest mansion, tennis cottage, pool house -- and plenty more.
The tycoon is on the warpath after New York state's attorney general sued him for $40 million over 'fraudulent' advertising claims.
Rules give the mortgage companies two years to account for bad loans, which a federal watchdog says is way too long.
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The company is scrambling to protect its equities arm, which could face declining volume and revenue as competitors close the gap.
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.
Casual dining restaurant chains have jumped on the happy hour train with deals on drinks and snacks -- maybe enough for dinner.
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