Housing

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Fed moves leave the little guy stuck

Sep 19, 2007
The Fed has done its bit to help out the mortgage-induced credit crunch by lowering interest rates. Commentator Robert Reich says that's great for lenders and investors, but it won't do a thing for the little guy.
Posted In: Housing, Wall Street

Many consumers expect recession

Sep 19, 2007
A poll out today from Reuters shows one-third of Americans believe we're heading for a recession. But who's to blame? Steve Henn did his own poll this morning in D.C.
Posted In: Housing, Wall Street

At these rates, what's next?

Sep 18, 2007
It was no surprise that the Federal Reserve cut interest rates today. But what really caught people unawares was what rates it cut -- and by how much. Amy Scott reports.
Posted In: Economy, Housing, Wall Street

3 million bad letters on the way

Sep 18, 2007
In the last year, the number of warning letters sent to troubled mortgage-holders increased 115 percent. Steve Henn reports this may just be the beginning.
Posted In: Economy, Housing

Helping Northern Rock from going south

Sep 14, 2007
The Bank of England stepped in with an offer of emergency credit today to bail out Northern Rock, one of the U.K.'s biggest mortgage companies. Stephen Beard reports it's just the latest sign the global liquidity squeeze might not yet be contained.
Posted In: Economy, Housing, Investing, Wall Street

How to become an 'accidental landlord'

Sep 14, 2007
The subprime mortgage mess has made it harder to buy and sell a home. But if you're already a homeowner, here's another option: Become what Kate Ashford of Money magazine calls an accidental landlord. She talks with Tess Vigeland.
Posted In: Entrepreneurship, Housing

Relief in sight for Countrywide

Sep 13, 2007
Banks are throwing a lifeline of $12 billion in credit to Countrywide. As a result, their stock rose almost ten percent on the announcement. Lisa Napoli reports.
Posted In: Housing, Wall Street

Credit card debt? Mortgage can wait

Sep 13, 2007
The subprime loan crisis is making some homeowners shift priorities. One big credit counseling service found that many clients are paying their credit cards before they cover the mortgage. Steve Tripoli reports.
Posted In: Housing

A star today and a bust tomorrow

Sep 12, 2007
New figures out today will show states like Arizona and Florida with the highest housing growth two years ago. Jeremy Hobson reports that now, these states suffer some of the highest foreclosure rates.
Posted In: Housing

Beware of power shift in world finance

Sep 11, 2007
Everybody from the Federal Reserve to the European Central Bank to the newest fund manager on Wall Street is worried about subprimes and the liquidity crisis. But commentator Bruce Stokes says there's an even greater challenge out there.
Posted In: Economy, Housing

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