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Cuomo files subprime-related lawsuit

Nov 1, 2007
New York Attorney General Andrew Cuomo has sued a real estate appraisal company called eAppraiseIT for allegedly colluding with Washington Mutual to inflate home values. Jill Barshay reports.
Posted In: Crime, Housing

Some see recession threat looming

Oct 30, 2007
A leading real estate index says prices for existing homes fell in August at the fastest rate since 1991. Meanwile, consumer confidence plunged last month to the lowest level since Hurricane Katrina. Amy Scott reports that some economists are seeing signs of a recession on the horizon.
Posted In: Economy, Housing

Banks find a subprime silver lining

Oct 29, 2007
Commentator Tyler Cowen says American banks have managed to protect themselves from the subprime crisis even better than you might have imagined.
Posted In: Economy, Housing

Big banks' subprime fund not so super?

Oct 26, 2007
Former Treasury Secy. John Snow says he doubts that a so-called superfund set up by big banks to cushion the mortgage meltdown is going to work. Kai Ryssdal talked with Reuters columnist James Saft to find out why not.
Posted In: Housing, Wall Street

Countrywide shares jump on CEO's news

Oct 26, 2007
Despite Countrywide's $1.2 billion loss in the 3rd quarter, its CEO says the black ink is about to start flowing again. That word sent its shares soaring. Steve Tripoli reports on whether people bidding up those shares are drinking more than their share of the Kool-Aid.
Posted In: Housing, Wall Street

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

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