Housing

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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

Braced for more bad housing news

Aug 24, 2007
New home sales numbers for July come out this morning and most analysts expect bad news as problems in the mortgage industry continue to leave builders with fewer and fewer potential home buyers. And the worst is still to come, Steve Henn reports.
Posted In: Housing

Panic is over but not the problem

Aug 23, 2007
The markets seem to have calmed down a bit from the initial mortgage meltdown shock, but has the worst passed? Kai Ryssdal talked with financial strategist Richard Bove to get some guidance.
Posted In: Housing, Wall Street

When prime real estate is a slum

Aug 23, 2007
The Indian government wants to turn its financial capital of Mumbai into a world-class city. But what will it do with a notorious slum, the largest in Asia, and the people who live there? Miranda Kennedy reports.
Posted In: Housing

Hang in there, homeowners

Aug 23, 2007
Millions of American homeowners are now trapped in adjustable rate mortgages watching their monthly payments creep ever upward as options for refinancing dwindle away. We ask mortgage consultant Kassie Welch, what now?
Posted In: Housing

Countrywide gets some color back

Aug 23, 2007
It's amazing what a little extra cash can do. Word broke last night that Bank of America bought $2 billion of stock in ailing mortgage giant Countrywide Financial, and suddenly investors are feeling a bit rosier too. Amy Scott reports.
Posted In: Housing, Wall Street

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