Replacing the inherited " Pick a payment" with interest only loans,Wells Fargo Bank is gambling on the recovery of the U.S. housing market. The program offered by Wells Fargo bank, is intended as a short term Mortgage modification.

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In the 1950s, speculators combed white neighborhoods, purchasing property from whites and then reselling them to blacks—at double to quadruple market value. Even worse, they sold these overpriced properties "on contract," that is, on the installment plan.

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IN THE SOUL-SEARCHING sparked by the financial meltdown, Americans have started to look askance at some of the habits and policies that had come to define our country. Excessive consumption and living on credit are no longer seen as acceptable, let alone possible.

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An increasing number of U.S. homeowners owe much more than their homes are worth...housing supply far outstrips demand...

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Low income homeownership is still a good idea.

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Palin is arguing that higher taxes will hurt the economy and will hurt the little gal and guy.

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THE end of a relationship can cause as much housing stress for a separated father as it does for his former partner. Research has found that the rate of home ownership for separated fathers and mothers is about the same, and vastly lower than for parents who are still together.

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The Harvard Joint Center for Housing Studies report: "The State of the Nation's Housing 2008" is now online. Unfortunately the table I was really hoping they would update is the House Price to Income ratio by metropolitan statistical areas (MSA).

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Haven't We Been Here Before? Looking Back to Move Ahead...

I do not profess to have the slightest grasp of how the economy works. I listen to the news and try to follow the explanations the commentators and pundits spin. Often this week's explanations seem to be in direct conflict with the explanations they gave us last week.

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Selling a home is a lot trickier than it used to be - here's how to be smart about pricing, presentation and incentives. ...

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For the past decade, Americans have increasingly relied on the appreciation of their homes, rather than the returns of their labors, to support themselves, creating an unsustainable and destabilizing economic mirage.

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Yesterday the Census Bureau reported the homeownership and vacancy rates for Q1 2008. Here are a few graphs and some analysis ...

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EVE LEVINE, a 34-year-old real estate broker, recalls fondly the five years when she was, as she calls it, "low-cost bicoastal." Her primary residence was in Brooklyn — first Williamsburg, then Bushwick and now Greenpoint — but she also had an apartment in the Fruitvale s …

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If you're facing foreclosure, Treasury Secretary Henry Paulson wants to help. "If someone is willing to make a call to reach out," says Paulson, "there's a chance we can save their homes." But Paulson can't save these homes because the homes are not endangered in the first place.

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This article brings out many good points. Are the points true, valid, real, or do they just not apply?

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U.S.

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To the casual observer, the row of compact, well-kept houses on Alabama Avenue in St. Louis Park is nothing remarkable.

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"As we've said before, there's really no such thing as a conservative think tank. They only have propaganda and political strategy shops.

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Heavy rains make it challenging for homeowners trying to keep water out of their houses. To prevent leaking roofs and wet basements, try these preventative measures:

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Money lending institutions have tarred entire segments of the population as credit unworthy through the mortgage industry's own discriminatory, irresponsible -- and now reckless -- behavior.

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Financial IQ: Don't Be Retarded Part II (Be a Landlord Instead)

It has been over two months since my previous article on Financial IQ. For that, I apologize and make no excuses.

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Where to Live the Good Life 10 Affordable Cities with Good Job Prospects 10 low-cost locales where jobs are plenty If you're looking for areas with a low cost of living, good job prospects and a high quality of life, here are 10 best bets to research.

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In late 2005 Velma Vardiman, now 34, was diagnosed with a rare skin cancer that forced her to quit her secretarial job and go on Social Security disability. To pay off hospital and other bills, she refinanced a $45,000, 30-year, 7.37% fixed-rate mortgage on her St.

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Financial IQ: Don't Be Retarded Part I

Financial education in the United States blows. It may even suck, too. Education for everything else is also horrible, but that's a different monster, and those subjects have less of a direct impact on your daily life than personal finance and wealth.

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