Chris Arnold NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition.

Many experts say reducing mortgage principal can help troubled homeowners avoid foreclosure and stay in their homes. But the regulator who oversees two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, has rejected the idea. Justin Sullivan/Getty Images hide caption

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Justin Sullivan/Getty Images

June Brought 80,000 Jobs, 8.2 Percent Unemployment

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Factories Scaling Back Amid Economic Slide

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Sales Tax In Health Law Targets Medical Devices

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Created by the federal government during the Great Depression, Fannie Mae became a Washington powerhouse: a highly profitable, private company, protected by the government and boasting huge lobbying clout. But today, Fannie Mae has essentially become a ward of the state. Manuel Balce Ceneta/AP hide caption

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Manuel Balce Ceneta/AP

Morale Takes A Hit At Beleaguered Fannie, Freddie

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Credit Rating Agency Moody's Downgrades 15 Banks

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The housing market is finally showing signs of a comeback, according to an annual study from Harvard. But, though mortgage interest rates are at record lows, banks are often too cautious to lend. Seth Perlman/AP hide caption

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Seth Perlman/AP

Will Credit Be The Spoiler In Housing Recovery?

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Americans' Net Worth Has Plummeted, Report Shows

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Srinivas Konanki and his wife own a small laboratory device company near Boston. Concerns about the economy have left them wary of hiring new employees. Chris Arnold/NPR hide caption

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As Economic Headwinds Pick Up, Employers Lie Low

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Nationwide, home sales are up, mortgage rates are down and in many places, owning a home is as attractive as renting for the first time in years. Chris O'Meara/AP hide caption

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Chris O'Meara/AP

After The Housing Bust, Revisiting Homeownership

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Europe's Debt Weighs On U.S. Employers

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May Jobs Report Is Much Worse Than Expected

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Outlook For Housing Industry Appears Promising

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Fed: Sizeable Risk From Capitol Hill Gridlock

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What April's Jobless Rate Means For The Candidates

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