Housing

3:03am

Fri March 23, 2012
Crisis In The Housing Market

Fannie, Freddie Press For Mortgage Write-Downs

A Fannie Mae/Freddie Mac mortgage services representative (left) helps a person register for mortgage help in Miami.
Joe Raedle Getty Images

The two most powerful entities in the housing market — Fannie Mae and Freddie Mac — could be on the verge of a significant change regarding foreclosures. NPR and ProPublica have learned that both firms have concluded that giving homeowners a big break on their mortgages would make good financial sense in many cases.

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6:00am

Sun March 18, 2012
Economy

First-Time Homebuyers Carry Financial Baggage

Originally published on Sun March 18, 2012 7:57 am

Transcript

RACHEL MARTIN, HOST:

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3:51am

Sun March 18, 2012
Economy

Sweet Home: When Owning Isn't All About Money

Tamika Rhodes and her children (clockwise) Taneea, Takeema and Paul at their home in St. Paul, Minn. Rhodes says the house is more important to her as a source of stability than as an investment.
Ann Baxter NPR

It's not hard to figure out why the Rhodes family would want a house of their own. Their son Paul's passion for music makes it clear right away.

His mom, Tamika Rhodes, says in their last place, a two-bedroom apartment, Paul couldn't play the drums because it would have driven the neighbors crazy.

Now he, his two sisters, mom and dad live in a big, five-bedroom house in St. Paul, Minn. Rhodes says they all feel much more comfortable.

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11:11am

Fri March 9, 2012
Planet Money

This 14-Year-Old Girl Just Bought A House In Florida

Originally published on Mon March 12, 2012 8:46 am

Willow Tufano, landlord.
Chana Joffe-Walt NPR

Meet Willow Tufano, age 14: Lady Gaga fan, animal lover, landlord.

In 2005, when Willow was 7, the housing market was booming. Home prices in some Florida neighborhoods nearly doubled from one month to the next. Her family moved into a big house; her mom became a real estate agent.

But as Willow moved from childhood to adolescence, the market turned, and the neighborhood emptied out. "Everyone is getting foreclosed on here," she says.

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7:52am

Tue March 6, 2012
Business

Did The Fed Help Banks While Ignoring The Risks?

Originally published on Tue March 6, 2012 12:05 pm

The Federal Reserve shrugged off warnings and let banks pay shareholders billions of dollars in dividends, ProPublica investigative reporter Jesse Eisinger says.
Karen Bleier AFP/Getty Images

Since the financial crisis of 2008, the Federal Reserve has shrugged off warnings and let the largest U.S. financial firms pay tens of billions of dollars in dividends to shareholders, instead of putting aside money as capital in case a new financial crisis hits.

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