mortgage holders

Goldman Sachs agreed to spend about $50 million to write down loans for Goldman mortgage-holders in Massachusetts.

But it may be unlikely that other states will reach similar settlements with the bank. Abigail Beshkin reports.

As part of the agreement, the bank will pay up to $50 million to mortgage holders and $10 million to the state.

Fannie Mae and Freddie Mac have their hands in 70% of all the mortgages in this country. What do their troubles mean for mortgage holders?

John Dimsdale reports.

Commentator and economist Glenn Hubbard says that to fix the housing crisis we must give the Federal Housing Administration more authority.

He believes it should offer new loans to subprime mortgage holders to enable them to refinance.