adjustable rate mortgages

Woman Who Lost Home Sues Big Banks Over LIBOR Manipulation

What can you do when a megabank takes your home? How about suing a dozen of them. Annie Bell Adams has filed suit against 12 of the world's biggest banks, alleging that their manipulation of the LIBOR rate caused her mortgage payments to be much higher than they otherwise would have been.

Video: One Immigrant's Path to the American Dream

The death of the American Dream has been greatly exaggerated -- just ask Sofiya Cherni. Since she arrived in North Dakota from the Ukraine 14 years ago, the 28-year-old has earned a college degree, found a good job, and bought and then paid off her first home -- by working hard, spending wisely, and keeping a sharp eye on the numbers.

Underwater Homeowners:
This Could Get Ugly

Negative equity is linked to higher foreclosures. About a quarter of households with mortgages already owe more than their homes are worth. If prices slip further, up to half of homeowners may end up underwater -- a scary prospect for Americans' financial health.

Greenspan: Even Suze Orman Is Trashing Him Now

Suze Orman blasted Alan Greenspan's 2004 remarks championing adjustable-rate mortgages -- loans that played a key role in the financial crisis. Seems like the former central banker was a lousy personal finance guru.

Five Potential Potholes on Road to Recovery

News that business inventories and industrial production are rising suggests the U.S. economic recovery is on track. But unlike previous recessions, there are five potential "potholes" in the road ahead. Declining employment and increasing commercial real estate foreclosures are two possible biggies.