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More lenders dropping bad home loans

Jan 16, 2008
There's word of a new twist to the mortgage default mess. More home lenders are reportedly walking away from fights over delinquent home equity loans. But, that doesn't necessarily mean a free ride for borrowers. Steve Tripoli reports.
Posted In: Housing

Citigroup to announce big losses, layoffs

Jan 14, 2008
The nation's largest bank is expected to announce a $24 billion write-down and up to 24,000 layoffs due to subprime problems -- more than twice what it previously announced. Ashley Milne-Tyte reports on how the company didn't know how bad things would be.
Posted In: Economy, Housing, Wall Street

Can Congress help subprime now?

Jan 14, 2008
The House and Senate have proposals to deal with the subprime mortgage crisis when they reconvene. But Danielle Karson reports it may be too little, too late for Congress to do anything about a possible recession.
Posted In: Housing

Subprime fallout: Bank-buying bonanza

Jan 11, 2008
Bank of America is buying Countrywide Financial. And JP Morgan Chase is salivating over Washington Mutual. Which made us wonder: How far will bank consolidations go? John Dimsdale reports.
Posted In: Economy, Housing

A bailout for Countrywide

Jan 11, 2008
Bank of America has agreed to buy Countrywide, sparing the nation's largest mortgage lender from bankruptcy. Ashley Milne-Tyte reports that the deal should spare customers from the disruptions of the bankruptcy process.
Posted In: Housing

For Countrywide, B of A is in the house

Jan 10, 2008
Several reports out today say Bank of America is in "advanced talks" to buy Countrywide Financial -- the nation's largest mortgage lender, which lost $1.2 billion in the 3rd quarter of last year. Host Tess Vigeland has more.
Posted In: Housing

'Prime' homeowners may get help too

Jan 8, 2008
Treasury Secretary Henry Paulson said today the Bush administration may expand a program currently aimed at subprime borrowers to assist those with conventional, or "prime," mortgages. John Dimsdale reports.
Posted In: Economy, Housing

You don't have to buy just to look

Jan 4, 2008
Just because you can't afford the house doesn't mean you can't go window shopping. Cash Peters went perusing multimillion-dollar houses for fun, and found out that he wasn't the only big dreamer.
Posted In: Housing

Mortgage brokers starting to register

Jan 4, 2008
To combat abusive lending practices, seven states have launched a standardized registry for mortgage brokers. Eventually, regulators nationwide will know about those who fail to register. Steve Tripoli reports.
Posted In: Housing

The Bi-Weekly Mortgage Payment

Jan 4, 2008
Question: I have a monthly mortgage of $786.33. I've been offered a deal where I pay $394.17 every 2 weeks, or $1 more per month. They state I'll...
Posted In: Housing

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