Housing

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Dems' subprime report is debatable

Oct 25, 2007
Congressional Democrats have issued an economic report on the mortgage meltdown and called for the Bush administration to prevent 2 million foreclosures in the next two years. But not all economists agree with the fine print. Jill Barshay reports.
Posted In: Housing

Congress tallies up subprime losses

Oct 25, 2007
Congress is projecting losses of over $100 billion in housing wealth from the subprime mortgage crisis, and not all of that comes from foreclosures. Jeremy Hobson reports a good chunk of loss comes from falling property values.
Posted In: Housing

Wildfire's phoenix: Jobs, construction

Oct 24, 2007
The latest official estimate on losses to the Southern California wildfires stands at $1 billion. And that's just in property damage. Still, the odd result in the long run may be an economic shot-in-the-arm. Bob Moon reports.
Posted In: Housing

Once burned, twice shy?

Oct 23, 2007
The insurance bill from the Southern California wildfires could total into the billions of dollars. Will that change how we live? Kai Ryssdal asked Martin Grace, a professor of risk management, what he thinks.
Posted In: Housing

Countrywide tries changing bad to good

Oct 23, 2007
Countrywide Financial Corp. is promising to reach out to 82,000 of its borrowers and refinance or modify around $16 billion in home loans. Consumer advocates say it's about time. Bob Moon reports.
Posted In: Housing

Selling your home? Time to get real

Oct 22, 2007
A lot of recent homebuyers are losing equity in their homes as the housing market fades. Commentator and economist Austan Goolsbee says if you're one of them, it's time to face reality.
Posted In: Housing

States crack down on mortgage market

Oct 19, 2007
While Congress readies itself for a housing market bill next week, states like Massachusetts and Minnesota are passing their own measures against abusive lending practices. Amy Scott has more.
Posted In: Housing

Heat turned up on Countrywide CEO

Oct 18, 2007
Democratic Senator Charles Schumer is calling for a formal investigation by the Securities and Exchange Commission into questionable stock trades by Countrywide CEO Angelo Mozilo. Alisa Roth reports.
Posted In: Crime, Housing, Wall Street

Homeowners brace for subprime leap

Oct 18, 2007
About 2 million subprime loans set up with teaser rates will expire over the next 18 months, leaving homeowners with much higher mortgage payments. But finding a better loan deal to prepare for the jump isn't easy. Mhari Saito reports.
Posted In: Housing

Changing their subprime tune

Oct 16, 2007
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke have modified their public statements on the state of the U.S. housing market. Each now says they see a significant risk to the economy. Steve Henn reports.
Posted In: Economy, Housing

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