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Cities are stuck in mortgage meltdown
Nov 27, 2007
The U.S. Conference of Mayors put out a detailed report today, forecasting just how badly cities are being affected by the housing slump. Bob Moon talked with Louisville Mayor Jerry Abramson about how the downturn is affecting his city and others.
Picking a sale after foreclosure
Nov 27, 2007
With the rise of foreclosure filings comes the parallel rise in foreclosure auctions. Lisa Chow checks out the auction block in New York City and looks into whether or not it's worth it to buy.
Few are getting refinancing help
Stacey Vanek Smith Nov 21, 2007
Congress and state officials are trying to help homeowners facing foreclosure by offering alternatives to borrowers and lenders. But for all the good intentions, not much is changing. Stacey Vanek-Smith reports.
Fannie starts to show its cracks
Dan Grech Nov 20, 2007
Mortgage giant Fannie Mae reports its earnings today. Along with Freddie Mac, the company has been riding out defaults that have hit its bottom line. Dan Grech reports on what this could mean for the U.S. taxpayer.
Commercial property feels credit crunch
Janet Babin Nov 19, 2007
New evidence out today shows that losses from subprime mortgages have spread to the commercial real estate sector. Janet Babin reports.
Homebuilders gloomy over record low
Amy Scott Nov 19, 2007
The monthly housing market index is reporting a 14-year low on new homes, making homebuilders' outlook less optimistic than usual. Amy Scott tells us when homebuilders hope to see things turn around.
Read the fine print
Tess Vigeland Nov 16, 2007
Are mortgage brokers looking out for your bottom line or their own? Tess talks to Elizabeth Warren about hidden fees in the mortgage industry.
House bill targets subprime lending
Stacey Vanek Smith Nov 15, 2007
In an effort to make sure the subprime mortgage meltdown doesn't happen again, the House was set to vote today on a bill that would lay down rules for lending. Stacey Vanek-Smith reports.
'Superfund' won't save the day
Amy Scott Nov 12, 2007
Remember that special, $75 billion fund some big banks were planning to prop up the credit markets? Details came out today about how the fund will work -- or how it won't, as some see it. Amy Scott reports.
Calling out Fannie Mae on earnings
Steve Tripoli Nov 9, 2007
New York Attorney General Andrew Cuomo is investigating whether Fannie Mae bought mortgages based on overblown appraisals. Steve Tripoli reports investors will be asking questions over a conference call.
