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Mel Watt

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  • Low-down-payment mortgages are back

    DETROIT One of the culprits in the building and bursting of the nation's housing bubble, the low-down-payment mortgage, is back in favor and readily available at a lender near you.
  • Republicans pressed to block Obama housing actions

    WASHINGTON Add affordable housing to President Barack Obama's list of unilateral actions on which he's flexing his muscles at an unfriendly Congress. The administration's steps to expand mortgage lending and promote affordable housing may not have drawn...

    Land bank wants Fannie, Freddie to donate homes

    Land bank wants Fannie, Freddie to donate homes
    The Cook County Land Bank may have as many as 30 properties in its portfolio by year's end, but it is aiming much higher for 2015 and expects Fannie Mae and Freddie Mac to help its efforts. The land bank is calling on the two agencies and their...

    Fannie and Freddie's steep fees hurting home buyers, critics say

    WASHINGTON — When you're raking in tens of billions of dollars in profits by helping credit-elite borrowers buy homes, couldn't you lighten up on fees a little for everyday folks who'd also like to buy? That's a question increasingly being posed...

    Some homeowners miss out on housing recovery

    Some homeowners miss out on housing recovery
    Scott and Caroline Schmauderer know all the acronyms and the nitty-gritty details of the federal government's various programs to help homeowners like themselves, whose plans were derailed by the housing bust. They read up on loan modifications, but...