How Does a Mortgage Become "Underwater?"

If you've ever heard the term underwater in reference to a mortgage, you might wonder how it happens. How could you owe more on a home than it's worth? That's essentially what the term refers to. Your home loan has a higher principal than the home's value; therefore, you're underwater, or more speci

Mortgage rates are easing slightly, but homebuyers are retreating

Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand for mortgages fell overall.

Sen. Lisa Blunt Rochester: We have a housing crisis in this country

Sen. Lisa Blunt Rochester (D-Del.) joins 'Squawk Box' to discuss her thoughts on Fed Chair Kevin Warsh, addressing the U.S. housing crisis, President Trump's decision to name Bill Pulte as acting DNI, and more.

Pulte appointment as spy chief would give a Trump attack dog access to a trove of intelligence

In his role atop the housing finance agency, Bill Pulte has used his access to mortgage records to refer some top Trump opponents for prosecution.