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Fed issues new lending guidelines
Jill Barshay Sep 1, 2007
The Federal Reserve today put out a set of guidelines for subprime mortage lenders. The only thing is, the "standards" are voluntary. So, what's the point? Jill Barshay reports.
Real estate slump a boon for vacationers
Sep 1, 2007
The downturn in the U.S. housing market may have ripple effects for the rest of the economy, but it's good news for folks looking for a summer rental as the holiday season comes to a head. Steve Tripoli reports.
More bad signs in the housing market
Scott Jagow Sep 1, 2007
The nation's second-largest homebuilder, Lennar Corp., said it lost money for the second-straight quarter. It also expects the housing market to get worse. Economist Christopher Mayer tends to agree.
Property taxes falling
Dan Grech Sep 1, 2007
Homeowners in some 21 states are holding their breath, hoping for reform that'll bring property tax relief. Four states have already slashed property taxes. But not everyone shares the joy, particularly schools and other local agencies that rely on tax dollars. Dan Grech reports.
Bear Stearns takes a big subprime hit
Amy Scott Sep 1, 2007
The crisis in the subprime mortgage market continues to take its toll on Wall Street. Merrill Lynch will sell off the assets of two hedge funds that relied on subprime loans that are now going south. Amy Scott reports.
What's the cure for home-lending market?
Bob Moon Sep 1, 2007
There's no shortage of ideas on how to deal with ailing borrowers and lenders. Fed officials heard some of them at a hearing in Washington. But the central bank's being urged not to overreact. Bob Moon reports.
Starting at Ground Zero
Alisa Roth Sep 1, 2007
JP Morgan Chase said today it's moving back to Lower Manhattan at the World Trade Center site. Officials hope it will lure other businesses to locate there, too. But Alisa Roth reports the bank didn't come cheap.
We need a 'Last Chance Mortgage' fund
Sep 1, 2007
Once we get past stories about subprime mortgages and whether or not rising interest rates will sink real estate even lower, is there a way to bring the market back? Commentator John Vogel has a plan.
Congress, Fed tackle sub-prime meltdown
Steve Henn Sep 1, 2007
The sub-prime loan market collapse is tearing apart neighborhoods. But hedge fund managers are worried their insurance policies won't pay out if the federal government intervenes. Steve Henn reports.
More mortgages gone bad
Steve Tripoli Sep 1, 2007
Looks like we haven't seen the worst of the foreclosure crisis yet. New data shows filings are up significantly. The outlook for the real estate market is grim, and it could be bad news for the economy as well, Steve Tripoli reports.
