Senate leaders wanted to pass a housing bill before the July 4 weekend that would help 400,000 Americans. But the legislation has been slowed by debate over tax breaks for renewable energy. Steve Henn reports.
The state of Illinois is suing Countrywide for unfair and deceptive business practices, claiming the lender designed mortgage products with Wall Street in mind. Steve Henn reports other accusations against the company.
U.S. mayors are working to resolve the housing crisis by using federal money. Rampant foreclosures are especially hurting cities by choking off property tax revenues that fund city services. Jill Barshay reports.