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10 Cities Slash Home Prices

If you're looking for a home in Boston, Phoenix Baltimore, Dallas or Minneapolis, we have some good news. For the second month in a row, home sellers are cutting prices in droves in these cities, according to Trulia, which maintains one of the most comprehensive real estate sites on the web. "Buyers definitely have the upper hand in negotiations this season," said Trulia's co-founder and CEO Pete Flint, in a statement announcing this month's price reduction report. Read On

Principal Reductions May Be Coming

After months of criticism that the Obama administration's foreclosure-prevention program is ineffective and may actually be prolonging the misery for struggling homeowners, the White House is changing tack with new initiatives to reduce the amount owed by borrowers. Click Her to Read On

Mortgages Need to be Rebuilt

Paul Volcker Says Mortgage Market Will Have To Be Reconstructed: Click Here to Read On