Housing

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Losing patience with lending reform

May 11, 2007
Congress has been studying potential actions to curb the risky practices that led to the subprime crisis. Lawmakers are giving the private sector a chance to reform itself, but it better act soon, Steve Tripoli reports.
Posted In: Housing, Washington

Toll Bros. not in a luxury position

May 9, 2007
Given the state of the housing market, it wasn't entirely surprising when luxury homebuilder Toll Bros. warned it won't meet its earnings target for the year. Amy Scott reports even the wealthy are feeling some pain.
Posted In: Economy, Housing, Wall Street

Most expensive housing moves to London

May 9, 2007
It's official: London is now home to the most expensive residential real estate in the world, according to the newly-released 2007 Wealth Report, beating out Monaco, New York, Hong Kong and Tokyo. Pat Loeb reports.
Posted In: Canada, Housing

Subprime neighborhoods

May 8, 2007
People in poor, minority neighborhoods were prime targets for subprime lenders, so when that market crumbled those areas were hardest hit. A nonprofit group has plotted maps showing the disparity in New York City. Ilya Marritz walks us through it.
Posted In: Housing, New York

Consumer sentiment and GDP weak

Apr 27, 2007
A recent consumer sentiment survey found optimsm about the U.S. economy at its lowest point in seven month. And the Commerce Department's bad news about the GDP has already had an effect on Wall Street.
Posted In: Economy, Housing, Investing, Jobs

Subprime borrowers may have help coming

Apr 17, 2007
Fannie Mae and Freddie Mac say they'll unveil new programs this summer to let many subprime borrowers refinance their home loans. But some in Congress say such assistance needs federal oversight. Steve Tripoli reports.
Posted In: Housing, Washington

With empty homes, lenders lie low

Apr 17, 2007
Ohio has the highest foreclosure rate in the nation. Cleveland and its suburbs are spending millions to maintain homes that nobody wants. And come billing time, lenders are making themselves scarce. Mhari Saito reports.
Posted In: Housing

Light shines on Katrina survivor

Apr 16, 2007
After Hurricane Katrina destroyed her Biloxi, Miss., house, Ethel Curry waited a long time for help rebuilding it. That help finally came this winter — from an unlikely source. Stephen Smith reports.
Posted In: Entertainment, Housing

Lenders blame the media

Apr 16, 2007
As the subprime lending market continues to struggle, mortgage bankers are pointing the finger of blame back at the news media, saying the intense coverage is making things worse.
Posted In: Housing

$1 billion subprime bailout of sorts

Apr 12, 2007
Foreclosures are on the rise as more and more homeowners find themselves unable to refinance, stuck with mortgages they can't afford. But now a nonprofit is teaming up with two major banks to offer thousands a second chance.
Posted In: Housing

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