Housing

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Will Congress bail out lenders? Borrowers?

Sep 3, 2007
Congress returns from recess this week. First up: what to do about the mortgage meltdown and ensuing credit market crisis. Some worry that lawmakers will be too generous with taxpayer money in the fix. Steve Tripoli reports.
Posted In: Housing, Washington

Bush's rescue plan for ARM refugees

Aug 31, 2007
President Bush rolls out a rescue plan for homeowners facing foreclosure when their adjustable-rate mortgages adjust too far. Is it too little, too late? John Dimsdale reports on potential bailouts for lenders and borrowers.
Posted In: Housing, Washington

Do flippers deserve a helping hand?

Aug 31, 2007
We all might want to extend a helping hand to homeowners on the verge of defaulting. But a study suggests some of these borrowers -- house flippers and speculators -- might not be so deserving of help. Sam Eaton reports.
Posted In: Housing, Investing, Wall Street

Mexican Dream is alive and well

Aug 30, 2007
Sure the American mortgage market may be all but flatlining, but that's actually given the housing market south of the border a healthy boost. Dan Grech explains.
Posted In: Canada, Housing, Mexico

Extra layer of protection for ultra-wealthy

Aug 28, 2007
A wildfire in Idaho is threatening billions of dollars worth of high-end real estate and that has inspired one insurance company to go to unusual measures to avoid getting burned. Elizabeth Wynne Johnson has details.
Posted In: Housing

Beware: Subprime sharks still lurking

Aug 27, 2007
Even as the subprime mortgage sector crumbles and lenders like Countrywide take out multi-billion dollar lines of credit to stay in business, ads appealing to people with bad credit are still surfacing on the Internet. Say what? Ashley Milne-Tyte reports.
Posted In: Housing

Ready to go back in the subprime water?

Aug 27, 2007
The recent problems terrorizing the mortgage market are likely to scare off some investors for some time to come. But sale prices in the aftermath could also lure in bargain hunters. Steve Henn reports.
Posted In: Housing, Investing, Wall Street

Bailing out lenders for a profit... or not

Aug 27, 2007
Bank of America got a lot of attention on Wall Street last week for a timely loan that saved mortgage lender Countrywide Financial. But it also got a heckuva deal, says Allan Sloan, the kind taxpayers can only wish the Fed and the ECB were getting.
Posted In: Housing, Investing, Wall Street

No. 1 threat: Credit crunch, not terrorism

Aug 27, 2007
Survey says: Economists now cite massive defaults on subprime mortgages and heavy debts as the top threat to the U.S. economy. As recently as March, the possibility of a terrorist attack was still the greatest worry. Janet Babin has more.
Posted In: Economy, Housing

Looking good, America! . . . Er, wait

Aug 24, 2007
Today's reports say new-home sales are up 2.8% and U.S. factory orders nearly 6%. But, wait. Those are the numbers from July -- before the subprime debacle and the credit squeeze. Jill Barshay has more.
Posted In: Economy, Housing

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