You are browsing the archives of mortgage meltdown.

HONG KONG (Reuters) - The U.S. government is considering taking over Fannie Mae and Freddie Mac if their funding problems worsen, the New York Times said on Friday, causing shares of the mortgage finance companies to plunge.
Shares of Fannie fell 27 percent to $9.66 in pre-market trading, while shares of Freddie fell 35 percent to [...]

The nation’s housing meltdown is disrupting lives and devastating families. One New York grandmother is trying to put the pieces back together.
By Tami Luhby, CNNMoney.com senior writer
Last Updated: July 10, 2008: 2:03 PM EDT
HEMPSTEAD, N.Y. (CNNMoney.com) — Only weeks after moving into their first home in 2006, Margarita Rios celebrated Christmas with her two daughters [...]