New Short Sale Law

New Short Sale Law

Starting today, underwater homeowners will be permitted under a government program to sell their homes for less than they owe and basically force the lender to take the loss rather than foreclose on the home. Shari Olefson, of Fowler White Boggs, and Susan Wachter, a real estate professor at Wharton, discuss.

The Jobs Numbers

The Jobs Numbers

Parsing the jobs numbers, with CNBC’s Hampton Pearson; David Malpass, Encima Global president; Mark Zandi, Moody’s Economy.com chief economist; Andy Serwer, Fortune managing editor; Robert Barbera ITG chief economist; and CNBC’s Carl Quintanilla, Steve Liesman, Rick Santelli & Becky Quick.