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.
Posted In: Housing

Few are getting refinancing help

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.
Posted In: Housing

Fannie starts to show its cracks

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.
Posted In: Housing

Commercial property feels credit crunch

Nov 19, 2007
New evidence out today shows that losses from subprime mortgages have spread to the commercial real estate sector. Janet Babin reports.
Posted In: Economy, Housing

Homebuilders gloomy over record low

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.
Posted In: Housing

Read the fine print

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.
Posted In: Housing

House bill targets subprime lending

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.
Posted In: Housing

'Superfund' won't save the day

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.
Posted In: Housing, Wall Street

Calling out Fannie Mae on earnings

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.
Posted In: Crime, Housing

House proposes disaster insurance pool

Nov 8, 2007
The House of Representatives is close to approving legislation to encourage an alternative to private property insurance in states prone to catastrophic, natural disasters. John Dimsdale reports.
Posted In: Housing