The government has launched a program that actually reduces mortgage principal.
Consumers stay on the sidelines, expecting rates to remain low and housing prices to fall further.
You could actually pay more in total interest under a refi than you would just sticking with your original loan.
A modification would help some, but it's not going to get us out of this mess.
Minnesota victim of foreclosure fraud says 'I just have to start over again.'
Consider these important points and focus on the long term.
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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.
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.