One proposal for saving homeowners money is to have government-backed firms Fannie Mae and Freddie Mac extend their loan guarantees to cover new, cheaper, refinanced loans.
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A worker sweeps in front of a Bank of America branch in Chicago. On Monday, the bank announced plans to lay off 30,000 employees, or about 10 percent of its staff, over the next few years.
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Retired Port Authority Police officers Brian Patrick Tierney (left) and Kevin Devlin visited the World Trade Center site this week. Both men say it's been a struggle to adjust to normal life after losing friends and searching for remains at Ground Zero.
Near record low mortgage rates are good news for the few who can afford to buy a home or are able to refinance. But the rates have done little to lift the ailing housing market.
Traders work on the floor of the New York Stock Exchange on Wednesday. Wall Street is in the midst of the biggest stock sell-off since the financial crisis a few years ago.
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