For many U.S. homeowners, it’s been a long, slow crawl out of the depths of the housing crisis. Even with housing prices rising again and inventory falling in many U.S. cities, many homeowners are still trapped with underwater mortgages and rather bleak prospects when it comes to unloading their greatly devalued homes.

It comes as a small consolation, then, that some six years after the crisis started, the Federal Housing Finance Agency is making it easier for homeowners to conduct short sales, The Wall Street Journal reports. Read More