Pages
Consumer sentiment and GDP weak
Sep 1, 2007
A recent consumer sentiment survey found optimsm about the U.S. economy at its lowest point in seven month. And the Commerce Department's bad news about the GDP has already had an effect on Wall Street.
Subprime borrowers may have help coming
Steve Tripoli Sep 1, 2007
Fannie Mae and Freddie Mac say they'll unveil new programs this summer to let many subprime borrowers refinance their home loans. But some in Congress say such assistance needs federal oversight. Steve Tripoli reports.
With empty homes, lenders lie low
Sep 1, 2007
Ohio has the highest foreclosure rate in the nation. Cleveland and its suburbs are spending millions to maintain homes that nobody wants. And come billing time, lenders are making themselves scarce. Mhari Saito reports.
Light shines on Katrina survivor
Stephen Smith Sep 22, 2011
After Hurricane Katrina destroyed her Biloxi, Miss., house, Ethel Curry waited a long time for help rebuilding it. That help finally came this winter — from an unlikely source. Stephen Smith reports.
Lenders blame the media
Steve Tripoli Sep 1, 2007
As the subprime lending market continues to struggle, mortgage bankers are pointing the finger of blame back at the news media, saying the intense coverage is making things worse.
$1 billion subprime bailout of sorts
Sep 1, 2007
Foreclosures are on the rise as more and more homeowners find themselves unable to refinance, stuck with mortgages they can't afford. But now a nonprofit is teaming up with two major banks to offer thousands a second chance.
Subprime geography
Steve Tripoli Sep 22, 2011
Subprime lending casts a wide net. Steve Tripoli takes us through different types of subprime loans and the areas where lenders set up shop — and not just the poor communities are targeted.
Prediction: Home prices fall 20%
Scott Jagow Sep 1, 2007
Chris Farrell foresees a spring housing season with home prices headed back to 2003 levels, a market correction that's bound to lure the Federal Reserve into lowering interest rates.
Rental market meltdown around the corner?
Ashley Milne-Tyte Sep 1, 2007
So far the rental market hasn't really been affected by the subprime mortgage crisis. But as more struggling homeowners are forced to return to the rental market, it's bound to impact prices and availability.
Middle-class housing crunch
Steve Henn Sep 1, 2007
Housing costs have risen so high in some cities that entire regions are out of reach for most first-time home buyers. And in those areas, it's becoming a slow drain for the economy as a whole.
