Housing

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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

Homeowners: Be more concerned

Oct 15, 2007
A nationwide survey of homeowners with adjustable-rate mortgages shows only a small percentage are worried about impending trouble. Steve Tripoli reports there may be a dangerous knowledge gap at work.
Posted In: Housing

A foreclosure means an eviction

Oct 12, 2007
The crisis in the housing market is hitting a growing number of landlords and their tenants. Sam Eaton looks at how far the situation could escalate for renters.
Posted In: Housing

Come travel through time to ARM future

Oct 11, 2007
Over the next year or so millions of adjustable rate mortgages will recalibrate to higher interest rates. We asked Steve Tripoli to climb into the Marketplace time machine with the dials set for, say, next August and give us tomorrow's news today.
Posted In: Economy, Housing

Fox takes aim at "anti-biz" CNBC

Oct 11, 2007
Fox News positioned itself as the cable news antidote to the "liberal" CNN. Now it's trying to work that same magic against CNBC with a new business news channel. Media critic Tim Rutten talks about Roger Ailes' next big move.
Posted In: Entertainment, Housing

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